A patron of Economic Update asks: "I have some trouble understanding the concept of how to quantify surplus value for jobs that don't directly contribute to the production process. For example, a secretary who works in the in-house legal department at a solar-panel production facility: how would I calculate her surplus value for purposes of determining her exploitation ratio?" This is Professor Richard Wolff's video response.
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Learn more about Prof Wolff's new book, "The Sickness is the System: When Capitalism Fails to Save Us from Pandemics or Itself," available now at www.democracyatwork.info/books
“A magnificent source of hope and insight.”
Yanis Varoufakis, Greek economist, academic, philosopher, politician, author of Talking to my daughter about the economy
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