For believers in LTV - A thought experiment.
Joe, Bob, and Jeff are bakers.
They start with the same ingredients and each bake a cake for sale.
Joe's cake sells for $20. Bob's cake sells for $10. Jeff's cake doesn't sell and goes bad ($0).
According to the subjective theory of value, Joe generated ($20 - ingredient costs) worth of value. Bob generated ($10 - ingredient costs), and Jeff ($0 - ingredient costs).
How is STV wrong here?
If they had a boss, should the boss pay them equally?
If they worked in a commune, should they be paid equally?
If they worked in a commune, should Joe and Bob kick Jeff out? By what justification? By LTV, he created value. Right?
If you can, answer the actual questions. Responding with a vague general answer on the topic is so boring.