Sorry, let me rephrase that. Equity is a Marxist agenda because it asserts the need to correct a social Objective Value for asserted categories of people (or "intertemporal abstractions" as Thomas Sowell would call it).
Labour isn't objectively valuable? Or is it in reference to Labour needing direction and skill to be valuable?
Labour isn't objectively valuable regardless of skill. Objective value simply doesn't exist. All value must be subjective, because it is valued by the person seeking to satisfy their demand.
You would have quite a bit of skill and talent to create an army of Warhammer miniatures, in accurate detail and color. But it's value to me is zero because I don't want it. It doesn't matter how much work or skill you put into it, it has no value to me. It may have lots of value to someone else, but that is why it is subjective.
Your labour could effect a thing's value to me only if it changed something about the final good or service as it effects me. If it satisfies more of what I want it may be more valuable. Hell, even if it isn't any more skilled or of higher quality, but is simply faster I may want it more. Or, maybe I want it to be done at a very specific time and or place, and then it's more valuable.
Fundamentally, it doesn't matter what amount of work you actually put into something that gives it value. It only matters if you are doing something that will benefit me.
In fact, if you don't ever sell the thing that you put all that work into... it doesn't have any value beyond sentimental value to you. It's value can't be truly established in reality without someone being willing to actually buy it.
Sorry, let me rephrase that. Equity is a Marxist agenda because it asserts the need to correct a social Objective Value for asserted categories of people (or "intertemporal abstractions" as Thomas Sowell would call it).
Labour isn't objectively valuable regardless of skill. Objective value simply doesn't exist. All value must be subjective, because it is valued by the person seeking to satisfy their demand.
You would have quite a bit of skill and talent to create an army of Warhammer miniatures, in accurate detail and color. But it's value to me is zero because I don't want it. It doesn't matter how much work or skill you put into it, it has no value to me. It may have lots of value to someone else, but that is why it is subjective.
Your labour could effect a thing's value to me only if it changed something about the final good or service as it effects me. If it satisfies more of what I want it may be more valuable. Hell, even if it isn't any more skilled or of higher quality, but is simply faster I may want it more. Or, maybe I want it to be done at a very specific time and or place, and then it's more valuable.
Fundamentally, it doesn't matter what amount of work you actually put into something that gives it value. It only matters if you are doing something that will benefit me.
In fact, if you don't ever sell the thing that you put all that work into... it doesn't have any value beyond sentimental value to you. It's value can't be truly established in reality without someone being willing to actually buy it.