> Of course, taking the subject line literally
Not recommended, but the rate of surplus-value is s/v, right? As distinct from the rate of profit, which is s/(c+v). By my rough calculation, the rate of surplus-value in the current recovery is 40.5/38.6 or roughly 105%, since profits accounted for 40.5% of the national income growth and the compensation of workers (including wages, salaries, benefits, and employer contributions toward payroll taxes) was 38.6% of the national income growth.
Of course, my methodology isn't exactly sound. It's pretty hard to actually calculate "socially necessary labor time," for instance, and I'm not about to do that.
- - - - - John Lacny http://www.johnlacny.com
People of the US, unite and defeat the Bush regime and all its running dogs!