ok, yea now I can understand how that sentence could be confusing. It’s technically correct, but written kinda backwards as people would normally understand it
No, it’s not correct in any way:
“Capitalism exists by selling the value you produce for less than your labor costs.”
- you produce the value
- capitalism pays your labor costs for the value
- capitalism sells the value for… more, never less
If the sentence were correct, your employer would sell whatever you produce for less than what they are paying you for it. E.g. they pay you 20 for one hour of work, in which you produce one product, which they then sell for 15. Obviously they would be making a loss in that situation on every single product sold, so no business would ever do that (except in special cases like loss leaders or limited promotions, of course, but we’re talking about the general case here)
Capitalism exists by selling the value you produce for less than your labor costs ==> Capitalism exists by selling the value you produce for less than your labor costs [the capitalist/employer].
It’s technically correct, but unclear.