Rate of surplus value
In Karl Marx's critique of political economy, the rate of surplus value (also rate of surplus value) describes the relationship between surplus value and variable capital .
Insofar as it indicates the ratio of overtime to necessary work , the surplus value rate is only an expression of the rate of exploitation (also the degree of exploitation of work): It indicates the relationship between the part of the working day that a wage worker does for himself and the part in which he works for the capitalist . Suppose a worker produces the equivalent of his wages in the first two hours of an eight-hour working day, then he produces the surplus value of his capitalist in the remaining six hours. The formula is presented here as:
In this way, however, the degree of exploitation of a Roman slave or a medieval serf can also be measured. The ratio m / v is the specific historical form in which the degree of exploitation of labor appears in capitalism.
In bourgeois economics, arguments are usually not made with the rate of surplus value, but with the wage share.
Expressed in Marxist symbols:
The wage share is the share of the wage (" employee compensation "), the variable capital , in the new value . Marx considered this type of presentation to be wrong because it suggests a kind of division of a “jointly” generated income between “labor” and “capital”.
