Reply To: ChatGPT
If more and more workers are sacked and machines or AI replace them where does surplus value come from?
Being a product of labour, a machine like every other commodity contains value in addition to its use-value. That value is determined by the amount of socially necessary labour required to produce the machine. During the productive process, the machine wears out, and has to be replaced in the course of time. It follows then that the machine cannot pass on any more value than that which is contained within it in the first place. The machine is used in the production of commodities, and it gradually by stages, perhaps over years or decades, comes to the end of its working life. But during its working life it has added value to the particular commodity for which it was designed. Each of the commodities, therefore, has consumed part of the value of the machine, and consequently the machine has transferred its value to the products.