This article reexamines the problem of labor exploitation in advanced capitalist economies, especially the United States. The article specifies the concept of labor exploitation by using both the Marxian and marginalist notions and measures. The implicit neoclassical presumption of no or little labor exploitation in a capitalist economy is rejected by the results. The alternative heterodox argument of persistent and increasing labor exploitation has been confirmed for contemporary capitalism, particularly for the United States, in recent years.
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