PHIL 1010 Lecture Notes - Lecture 6: Egalitarianism, Wage Labour

• School: University of Guelph
• Department: Philosophy
• Course: PHIL 1010
• Professor: Karyn Freedman

Document Summary

Exploitation: when we take more from the worker"s labor (in the form of produced goods) than is paid back to the worker in the form of wages. Minimum wage pays workers far less than how much money they are generating for the company (ex. Capitalists only hire workers when they can extract this "surplus value" Surplus value is found in all wage relationships. "surplus value": when the laborer gives more then they get back. Laborer is the only person who creates the product, that which has value. The capitalist receives some of the value of the product. Thus, the laborer receives less value than the value of what he created a. The capitalist receives some of the value the laborer creates. Thus, the laborer is exploited by the capitalist. Alienation: the one aspect of marxism that is truly distinct from liberal egalitarianism. To alienate something is to make it "alien" or "other" from you.