Wage Labour and Capital #3

Hello everyone, welcome to Theory Thursday! This is a community led project, the point of these posts is to read about 30 minutes of theory every Thursday. Then we discuss with fellow comrades the contents of the reading. This week’s topic we are covering Karl Marx’s Wage Labour and Capital chapter 6 (relation of wage labor to capital) to the end.

Discussion #1: https://lemmygrad.ml/post/1134970

Discussion #2: https://lemmygrad.ml/post/1241612

The Reading: https://www.marxists.org/archive/marx/works/1847/wage-labour/index.htm

The Study Guide: http://www.marxists.org/archive/marx/works/1847/wage-labour/guide.htm

Study Guide questions:

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Relation of wage-labor to capital

  1. Can we think of even more factors governing the rise and fall of real wages?
  2. What does “standard of living” mean? Has it increased over the past 100 years in your country (or not)? Why?
  3. What is the effect on profits of a situation where people work long hours every day of the week (other things being equal)? And on the other hand, of people only having a few hours work a week?

The general law that determines the rise and fall of wages and profit

  1. Marx says that the gap between rich and poor was getting wider in his day. Is this true today? Has it always been true throughout the past hundred years in your country? And what about differences within the working class? Are these getting bigger or smaller?
  2. Where does profit come from? If commodities are paid for at their value, how can a buyer or seller consistently make a profit and get rich? – Does your answer cover how bankers, landlords, stock-brokers and so on get rich?

The interests of capital and wage-labor are diametrically opposed

  1. Discuss an example you know about of a new technique of production being introduced and the effects this had on prices, wages, etc.
  2. Discuss the contrast between “labour intensive” and “capital intensive” industries. What parts of the economy are becoming more capital intensive, and which are not?

Effect of capitalist competition on the capitalist, middle and working class

  1. Discuss the prospects for wages in your country at the moment and what tactics could be used to improve wages.
  2. What is your answer to someone who says that an increase in wages will only cause inflation or cause capital to be withdrawn from the country.
  3. Why is the fight for better wages anything to do with the fight for socialism? What would you say to someone who said that fighting for higher wages is just being greedy like the capitalists?
  4. Many workers are not paid wages, but work on contracts, or on piece-work. How does this effect what Marx has been saying about the value of Labour Power, and so on.?

Feel free to discus below your thoughts or insight into this reading.

Announcement:

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With a heavy heart I’m afraid I must put this project on an indefinite hiatus. My life is going through a pretty bad rough patch at the moment. I’ve got huge life commitments coming up that require my full attention and energy. I will be focused on my personal life, my family, the community, and the future. Covering basic survival and life obligations come first. I won’t be much help to the cause if I’m starving to death or living on the street. I will still pop in occasionally to the ‘grad to say hello and comment. While I might be done with Theory Thursday, for now, when I get to a better spot in my life I’d like to pick it back up again. I’ll probably be back in a few months. This is very disappointing because I’ve been really enjoying this, overall I’ve learned a lot from the reading and from all of the comrades who’ve taken the time to participate. I want to thank everyone who’s taken part in this, you are the reason I went to all of this time/effort to make this. Thanks to you comrades I’ve learned so much about theory, life, society, and myself. Goodbye comrades, I leave you with an Irish blessing: May the road rise up to meet you. May the wind be always at your back. May the sun shine warm upon your face; the rains fall soft upon your fields and until we meet again, may God hold you in the palm of His hand.

Check out the sidebar for additional resources, including comrade CriticalResist8’s ProleWiki study guide, also check out comrade GrainEater’s Matrix study group if you’d like to study additional theory.

FAQ

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Why are we only doing 30 minutes worth of reading?

  1. I’m a very busy person and don’t have time to do more
  2. This format is specifically designed for people with busy schedules to participate
  3. It is proven that the best way to digest information is a little bit at a time

Still not satisfied? I recommend starting your own study session, reading at your own pace, or joining an additional study group.

I’m open to constructive criticism, key word there being constructive. Just keep in mind I’m a flawed human being who’s volunteering my limited time and energy to do this.

  • Anarcho-Bolshevik@lemmygrad.mlM
    ·
    edit-2
    1 year ago

    Answer:

    1. ‘Prior to 1925, [Korean] public works offices within city and regional governments carried out their construction projects by contracting out to sub‐contractors. […] The more complex the division of labor and the network of primary and secondary sub‐contractors, the more the real wages fell below the nominal wage.’ — Ken C. Kawashima, The Proletarian Gamble: Korean Workers in Interwar Japan
    2. Standard of living means the accessibility to goods and services that promote a healthier, happier life. Due to technology and some concessions to the lower classes, such as social security and the rarity of child labor, I’d say that overall there has been some increase in the standard of living for those of us in Imperial America.
    3. Fewer hours reduces profits for the capitalists, whereas more hours increases profits for them. ‘Koreans […] did not work in capital‐intensive, large‐scale factories, but rather in labor‐intensive, small‐ and medium‐sized factories (chūshō kigyō) that employed fewer than 30 workers, and often in factories with fewer than 10 workers (reisai kigyō). These factories had little capital to invest in advanced technology; profits therefore stemmed from the workers’ long working hours and cheap wages.’ — Ken C. Kawashima, The Proletarian Gamble: Korean Workers in Interwar Japan
    4. Yes, and so is the inequality between white and black proletarians.
    5. Profits come from selling more and more crap while giving the workers less and less. For example, ‘[i]n May 1940 the ghetto governor Hans Biebow ordered that factories be set up, where the workers would be paid soup and bread. The Lódz ghetto turned a profit of about 350 million Reichsmarks ($140 million). It made so much money for the [Fascists] that it survived the longest of the ghettos under [Fascism], for even the [Fascists] were sometimes prepared to defer mass extermination of Jews as long as it remained profitable.’ — Adam LeBor, Schicklgruber’s Secret Bankers
    6. See the introduction of the Krupp–Renn process in the Empire of Japan. ‘Sometime before the autumn of 1938, [Krupp] sent Voss, a chief engineer, to Chongjin, and his job was to guide facilities construction and the start of operations. He was followed by two fitters and one kiln foreman, whose job was to give guidance regarding the start of operations and the handling of equipment thereafter.34 Separately, Remag, a German subsidiary of Österreichische Magnesitwerke, sent one bricklayer.35 Remuneration for the fitters was based on a rate written into the technology introduction contract and was paid in accordance with the number of hours worked, while the wage for the kiln foreman was fixed at a daily rate of 4 pounds sterling (about 70 yen).’ — Kudō Akira, Japanese–German Business Relations
    7. Labor‐intensive industries favor the use of manual or ‘blue collar’ workers, whereas capital‐intensive industries focus on finances and favor ‘white collar’ workers. ‘[T]he Mitteleuropäische Wirtschaftstag aimed to shift Southeastern Europe into more labor‐intensive cash crops for export, such as soybeans. […] German economists similarly saw Serbians, Croatians, and Romanians as capable of “bearing any burden,” perfectly suited for producing the labor‐intensive goods like soybeans and wheat that Germany’s capital‐intensive economy so desperately needed in the 1930s.13’ — Stephen G. Gross, Export Empire
    8. Laborers striking en masse for better wages. Because they put a halt to production, eventually the capitalist must accede to their demands.
    9. Although minimum wage increases are expected to increase prices, the magnitude of price increase depends on several factors such as the demand elasticity and competition degree (Aaronson 2001). A strong effect of minimum wages on inflation is not always found in empirical studies.
    10. The struggles for higher wages relates to socialism (that is, capitalism’s negation) in that the goal is to enhance the standard of living for ordinary people. Equating the struggle for higher wages with the accumulation of capital is a false equivalence because higher wages are necessary for living the modern world, whereas capital is doomed to disappear because it inhibits the lives of the proletariat.
    11. For workers paid on the basis of products or services finished rather than time, their wages may be a little closer in value to the products or services, but still inferior. (I know that this is a simplistic and inadequate reply, but at this point I’m exhausted.)

    I feel dissatisfied with this comment, but I hope that it is better than nothing.