- (noun) A quantity of labor reckoned in units of time.
"Raising the value of basic necessities effectively lowers wages, but this does not change the value of those commodities (whether expressed in labor-time, money, or even grain)."
"This would imply to me that there is some multiplier, or, putting it another way, that there is or ought to be the concept of simple labor-time, in which exchange value is expressed."
"Other forms of labor (ie, with a machine that multiplies the efficiency of labor, or with highly skilled labor) could then be expressed in terms of simple labor-time."
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