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Joined 11 months ago
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Cake day: August 2nd, 2023

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  • The value increased because people suspect sales would be made of products that have yet to he created so the value increased with ZERO input from the workers.

    “Stocks kind of sort of sometimes represent real valuations but they never reflect the pure value of the labor alone. The analysis is not relevant. Stocks gain value because of the labor of workers.”

    Sorry but it is entirely relevant as it demonstrates the inaccuracy if your claim that labor is the only source of value. It is not and you can easily find thousands of examples as to why the labor theory of value is no longer supported in neoclassical economics. Marx was wrong about this.

    Speculation creates some of the value of stock and labor factors into it but neither accounts for the total value of the stock.












  • The bit you are overlooking is the conditional phrase “which is often not related to the productivity of workers”.

    If I suspect APPL is going to gain value because I know China is going to announce that Chinese government workers can use Apple devices, then the gain in value will be based on the speculation that the stock will rise with these potential new sales. Thus the rise is not related to anything the workers are currently doing only on what they might possibly do in the future. That is speculative.

    The above is not the same as the total value being purely speculative. Stocks kind of sort of sometimes represent real valuations but they never reflect the pure value of the labor alone. If that was the case there would be nothing to speculate on. We know exactly how many units Apple manufactures and how many sell. That is factored into evaluations as to if the stock price is accurate or not.