Re: [Pen-l] "high value added labor"

[Carl Dassbach <dassbach@xxxxxxx>]

Not as I understand the term.  As I understand it, it is the ratio of  
the value added by labor to the cost of the raw materials. If most of 
the value of a commodity is due to labor and very little to raw 
materials, for example, a cpu chip, this is a high value added item.   
If, on the other hand, most of the value of the commodity is due to the 
raw materials and little to labor, e,g. corn, this is a low value added 
product.  Although the actual products have changed over time, cores 
have historically specialized in high value added products (or 
processes) and peripheries in low value added products.


Bill Lear wrote:
> On Wednesday, October 29, 2008 at 13:30:54 (-0500) Sean Andrews writes:
>   
> > I'm trying to work out a few aspects of the phrase (and concept) "high
> > value added labor" as it is use in mainstream, particularly
> > international or transnational economics.  ...
> >     
>
> I thought it simply referred to the ratio of labor cost to unit price.
>
> So, textile mill is high value-added, a high-tech refinery is
> relatively lower.
>
>
> Bill
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