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Wages

In: Beyond Capital

Author

Listed:
  • Michael A. Lebowitz

    (Simon Fraser University)

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.

Suggested Citation

  • Michael A. Lebowitz, 2003. "Wages," Palgrave Macmillan Books, in: Beyond Capital, edition 0, chapter 6, pages 101-119, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-4039-4372-9_6
    DOI: 10.1057/9781403943729_6
    as

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