Difference Between Karl Marx And Wage Labor
Introduction: In 1847 through a string of lectures, prominent Sociologist Karl Marx sought to discover and describe the “economic conditions which form the material basis of the present struggles between classes and nations” (Marx). In other words, he examined the relationship between Wage Labor and Capital, and how they contributed to the vast disparities between the working class and the Wealthy upper class. Marx discusses the differences between Labor and Labor power, the true definition of capital and wages, and how capitalists directly oppose the interests of the working class.
• Marx opens the lecture detailing the belief that society holds on wages and the relationship between workers and capitalists. …show more content…
The “commodity” is purchased prior to the product being finished, and the laborer will be paid prior to the selling of the goods, and regardless of if it is sold or not.
• Rules that apply to traditional commodities also applies to Labor-Power. Therefore, supply and demand can determine how much bosses pay their workers. If there is an abundance of qualified workers for a position employers can pay their workers less because they can always find more people to fill their spots. And when there is a scarcity of workers they may have to raise wages to secure their workforce.
• Furthermore, the idea that this transaction between laborers and employers is representative of a free market is false. Marx highlights the reality of workers where they are all told they have the choice to work or not and to pick who they want to work for in a capitalist society. However, that is false as everyone has to work to provide for their family. If a worker decides not to find employment they cannot afford necessities and will not survive, the only choice one has is who they choose to sell their labor power …show more content…
I agree that it is a commodity in a capitalistic society, that is similar to the materials that Companies purchase. This applies to present day society, as I see examples all around the world. For example, prominent companies such as Apple and Walmart pay workers in worldwide factories small wages that are only a fraction of the cost of the finished products (Kan). The workers are paid before or upon finishing their task, usually manufacturing the product. The product is subsequently shipped off for other finishing touches or to the stores where they will be sold. This reality for many companies highlights the various points Karl Marx argued in his