ABSTRACT
This chapter describes the problem of employment and unemployment through the Marxian lens of class process which involves production, appropriation and distribution of surplus value. Goods and services are produced for sale and exchange value of the produce predominates and defines its use. A good has to be useful to others not to the producer, only then it can assume exchange value. The creation of a commodity economy and that of labour power as commodity involves a process of exchange and hence comparability between diverse products, services and skills of different human beings. The value of labour power as a commodity is also determined in the same way, that is, it is derived by the socially necessary labour time required to produce the goods and services required to reproduce the mental and physical energy or capacity of the worker as well as to maintain the future stream of supply of labour power.
