Is Labour A Commodity?
We have said that wage is the price of labour as if labour is a commodity. There is no doubt that labour has peculiarities of its own which differentiate it from other commodities (see next page) and labour protests against its being described as a commodity, yet it is true that from the aspect with which the economist is concerned, labour is regarded as a commodity. Like a commodity it is bought and sold. Labour participates in an exchange relationship, i.e., the worker gives his time or labour and, in exchange, gets molley including some fringe benefits.
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