Earlier quoted context omitted.
> There's a huge sense of entitlement with respect to iOS and Android apps. People want the world for free... Available substitutes affect the price of goods, and the internet has brought us endless hours of free distraction. (Also, prices can trend towards the marginal cost of production over time.) Supply and demand determine pricing, not the amount of labor that goes into production. The labor theory of value is t…
Pedantry Corner: The labour theory of value[0] does not claim anything of the sort. It is not about the amount of labour time actually invested, in reality, in creating a commodity ("concrete labour") but the amount of labour necessary to expend, given the level of technical development in the given society, to create that commodity ("socially necessary labour time", "abstract labour"). Price, of course, is a differe…
So when someone claims "These people should get paid more because they worked hard," they're making claims that not even Marx would endorse.