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Alexandria Ocasio-Cortez's tweet about workers being paid 'less than the value they create' is essentially a restatement of Marx's Labour Theory of Value a?? here's why that's interesting

Alexandria Ocasio-Cortez's tweet about workers being paid 'less than the value they create' is essentially a restatement of Marx's Labour Theory of Value a??В here's why that's interesting
Hollis Johnson / Business Insider; Win McNamee / Getty Images



Alexandra Ocasio-Cortez tweeted, "Workers are often paid far less than the value they create."




That is essentially a restatement of Karl Marx's "Labour Theory of Value."




The theory suggests that economies run into trouble when workers can't afford to buy the products they are making.




Investment bank analysts at Citi, HSBC, and Macquarie are worrying over the same issue.




There are so few rich people, and so many people sharing a declining portion of wealth, that the next recession might actually be exacerbated by the inequality that low pay has created, these analysts argue.




You can't successfully run an economy based on the spending power of a tiny number of rich people.



Late last month, US Rep. Alexandria Ocasio-Cortez tweeted a criticism of Ivanka Trump, who had said she was against the idea of a guaranteed minimum wage because "I don’t think most Americans, in their heart, want to be given something. ... People want to work for what they get. So, I think that this idea of a guaranteed minimum is not something most people want."
Ocasio-Cortez responded, "A living wage isn’t a gift, it’s a right. Workers are often paid far less than the value they create."
That caught my eye because it is essentially a restatement of Karl Marx's "Labour Theory of Value," and it's not often you see that discussed in the mainstream media.
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