Definition of "labor-time" [labor-time]
- (noun) A quantity of labor reckoned in units of time.
Use "labor-time" in a sentence
- "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."