Wages, Price And Profit by Karl Marx
A concise polemic examining how wages, prices and profits are interrelated under capitalism: wages are governed by the value of labor‑power (the cost of subsistence and reproduction), while profits derive from surplus labor extracted by capital; attempts to increase profit by driving down wages only redistribute income and are mediated by price adjustments, so lasting improvement for workers cannot come from appeals to individual employers alone. The work defends trade union action as necessary for immediate defense of workers’ interests but argues that political organization and a change in property relations are required to abolish exploitation and secure an enduring rise in workers’ conditions.
- Published
- 1865
- Nationality
- British
- Length
- Unknown
- Pages
- 20-40 pages
- Original Language
- German
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- Alternate Titles
- - Lohn, Preis und Profit
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