Surplus labour is a concept used by Karl Marx in his critique of political economy. It means labour performed in excess of the labour necessary to produce the means of livelihood of the worker ("necessary labour"). According to Marxian economics, surplus labour is usually "unpaid labour". Marxian economics regards surplus labour as the ultimate source of capitalist profits.
Read more about Surplus Labour: Origin of Surplus Labour, Surplus Labour and Exploitation, Surplus Labour in Capitalist Society, Surplus Labour and Historical Materialism, Surplus Labour and Unequal Exchange, Modern Criticism of Marx's Concept of Surplus Labour
Famous quotes containing the words surplus and/or labour:
“Just as the French of the nineteenth century invested their surplus capital in a railway-system in the belief that they would make money by it in this life, in the thirteenth they trusted their money to the Queen of Heaven because of their belief in her power to repay it with interest in the life to come.”
—Henry Brooks Adams (1838–1918)
“The habits of our whole species fall into three great classes—useful labour, useless labour, and idleness. Of these the first only is meritorious; and to it all the products of labor rightfully belong; but the two latter, while they exist, are heavy pensioners upon the first, robbing it of a large portion of its just rights. The only remedy for this is to, as far as possible, drive useless labour and idleness out of existence.”
—Abraham Lincoln (1809–1865)