On Wed, 28 Mar 2001, Gerald_A_Levy wrote: > As we know, it is only *socially-necessary-labor time* (SNLT), > i.e. abstract labor, that creates value. > > How is SNLT measured? > > Can it be simply measured with a stopwatch using standard units of > time, i.e. weeks, hours, minutes, seconds, fractions of a second, > etc.? I think not. [snip] > Who has a solution for the "SNLT problem"? It's a statistical issue. If you want to know, How much SNLT did worker X perform in the last 2 hours? then there may well be no good answer (although if X is working in a production line context, or otherwise closely supervised, and if she's working for an employer of roughly average profitability, then "2 hours worth" is probably not too far off). But if the question is, How much SNLT is embodied in, say, a Ford Taurus, then the clock-time measure is quite reasonable: the car embodies a wide variety of different sorts of labour, and, in the absence of information to the contrary, it's reasonable to suppose that divergences between actual hours spent and SNLT will roughly cancel out. Allin Cottrell.
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