Marginal product of labor?

Mr. Wolff, Capitalist critiques often refer to laborers as wage slaves. That is, producing X units for some arbitrary wage which is not dependent upon what is actually produced. In this system, do we have any kind of ratio that tells us an average MPL for the capitalist owner? If I earn a wage of $500 per week, can we estimate how much I have actually economically produced for my company's owners?

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  • Bradley Pidgeon
    published this page in Ask Prof. Wolff 2017-04-25 09:30:03 -0400