This text was originally written by Marx and published in 1849, and was updated by Engels almost half a decade later, after the death of Marx. The text is an introduction to capitalism and overlaps with parts of Capital. You can read the text here.
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The difference between what? Labour and labour power?
Yes, exactly.
Labour can’t be sold – once labour has been performed, there’s nothing left to pay for. What’s actually sold is labour power – the capacity to perform labour for some amount of time, i.e. a promise of future labour.
Ackchyually, usually the price of labor power is first haggled, then performed, and then paid. Nobody’s ever paid me for my labor in advance, though it’s known to happen on occasion.
Yes, the payment for labour power is usually determined in advance and paid after it’s been “consumed”. You are effectively giving the capitalist interest-free loans.
Labour-power is the ability one has to perform labour.
So it’s your ability. Gotcha. And if you’re disabled, you may be possibly lacking in labor power.