Productivity and Wages

As we know productivity, the bugaboo of the capitalist class, has no relationship to wages. Call it Marxism 101.

Since 2001, middle-class Americans have seen their pay drop by 4 percent, although labor productivity went up by 15 percent during the same period.

SEE:

$63.90 Per Hour

The End Of The Leisure Society

Find blog posts, photos, events and more off-site about:
workers, variable costs, labour, labor, Marx, variable capital, labour theory of value, social-factory, proletariat, capital, capitalism, profit, productivity,