noun[mass noun] Economics
(In Marxist theory) the excess of value produced by the labour of workers over the wages they are paid.
- At a certain point it is confronted with the fact that it is a claim on surplus value and this surplus value has to be actually extracted from the working class.
- Out of the growing mass of surplus value, capitalist governments were able to finance social welfare spending and other concessions to the working class.
- Surplus labour creates surplus value, and on Marx's analysis, surplus value is the source of all profit.
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