Wages

Michael A. Lebowitz
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Michael A. Lebowitz: Simon Fraser University

Chapter 6 in Beyond Capital, 2003, pp 101-119 from Palgrave Macmillan

Abstract: Abstract The political economy of wage-labour discussed in our last chapter stipulates that, just as capital benefits directly from the competition of workers, in turn the ability of workers to capture the gains from social production depends upon their success in reducing the separation and division in social relations among themselves. By forming trade unions and by attempting to turn the state ‘into their own agency’ (Marx, 1866: 344–5), workers struggle to satisfy unrealized social needs and to ‘achieve a certain quantitative participation in the general growth of wealth’ (Marx: 1971: 312). They press in the opposite direction to capital in order to increase the level of their wages. Class struggle, it appears, is critical in the determination of wages.

Keywords: Labour Market; Real Wage; Class Struggle; Monopoly Price; Surplus Labour (search for similar items in EconPapers)
Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-4039-4372-9_6

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DOI: 10.1057/9781403943729_6

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