User:Kaybeach1108/Marginal product of labor

Marginal Productivity Ethics
A Review of Economics and Economic Methodology argues against pay to their marginal product to pay equal to the amount of their labor input. This is known as the Labor theory of value. Marx characterizes the value of labor as a relationship between the person and things and how the perceived exchange of products is viewed socially. Alejandro Valle Baeza and Blanca Gloria Martínez González, Researchers compared productivity levels from countries that pay based of the marginal productivity and labor theory. The found that across countries, Marginal Productivity is more widely used than Labor value But when they measured productivity based off of Labor value that, " productivity changes not only because of savings in both living labor and means of production, but it is also modified by changes in the productivity of these means of production."