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

["Anthony D'Costa" <promothesdcosta@xxxxxxxxx>]

Where does technology embodied capital equipment fit in this
definition?  The chip has more value not because it has high labor
content (unless you want to count dead labor but that opens up another
box) but because of the process by which chips are made.  Labor input
into chip manufacturing is actually quite low.

Anthony
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Anthony P. D'Costa
Professor of Indian Studies
Asia Research Centre
Copenhagen Business School
Porcelænshaven 24, 3
DK-2000 Frederiksberg, Denmark
Email:ad.int@xxxxxx
Ph: +45 3815 2572
Fax: +45 3815 2500
http://uk.cbs.dk/arc
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On Wed, Oct 29, 2008 at 10:12 PM, Carl Dassbach <dassbach@xxxxxxx> wrote:
> 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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