Digital labor value is related to the nature of the world of data commodities, exploring how digital labor can be abstracted into digital value forms such as data commodities, digital currency and digital capital. Moreover, digital labor value relates to digital value determination and digital value measurement. The digital factor value theory of digital capitalism is very confusing, which covers up the digital labor nature of digital value. Digital value is the digital social abstraction of digital labor. Only when the relationship between “data commodity and digital currency” develops into digital capital relationship makes the digital social abstraction absolutely present. In the updating system of digital value compensation, digital capital accumulation is universal, while digital exploitation is hidden. The productivity of digital capital is built on the productivity of digital labor. However, with the improvement of the productivity of digital labor, the profit rate of digital capital decreases. This inverse relationship exposes the crisis of digital capitalism.

Editor: Zhong Yao、Zheng Yifan

From:Shanghai Journal of Economics.2023.No.3.