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The owner of the means of production is in a position to purchase the labor power of the worker. By using the means of production, the worker produces new goods which become the property of the capitalist.
The essential point about this process is the relation
between what the worker produces and what he is paid, both measured in terms of real value. Insofar as the labor contract is "free," what the worker receives is determined not by the real value of the goods he
produces, but by his minimum needs and by the capitalists' requirements for labor power in relation to the number of workers competing for jobs. It is
important to understand that even in theory the
payment of the worker is not determined by the value of his product.
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