this post was submitted on 30 Sep 2023
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Leftism
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Am I having a stroke or does the first sentence make no sense? Shouldn't it be more instead of less? If a company always sells for less than the cost to produce, it'll go out of business rather quickly I'd think. Obviously there are temporary strategies like this that are used to beat competitors, but that's not what this is talking about.
I think you just have it misunderstood. The comic assumes that you are the laborer, not the capitalist. As the image at this part of the infographic shows, from the perspective of the laborer, you are paid $5 for an item that is sold on the market for $50
So the labor costs (wages) are $5 and the value produced by the laborer is sold for $50? Yes this makes sense of course, but I can't wrap my head around why it says it's sold for less when $50 is more than $5. GPT4 can't seem to make sense of it either.