The Knowledge Labor, Its Value and Labor Value Theory

The knowledge labor is a new labor form in the time of Knowledge Economy. It is intellectual rather than mental. It is different from the Marxist labor theory of value in the aspect of labor form for creating value of the commodity, The form has been transformed into knowledge labor of making use of intelligence from manual labor which makes use of physical strength. The value of the commodity is mostly the value of knowledge labor. This new development of value theory of labor has removed people's confusion not only for the wellpaid technicians and operational management, but also for the prospect of socialism and communism.