Wage – Labour and capital are factors that affect each and every one of us on a daily basis, whether you’re the capitalist or a part of the working class. For the most part, capital not only starts the day you’re born, but continues on throughout your life. This drastically influences the likability of success and determines whether you’ll be part of the working class or part of the upper class, which is considered to be the capitalist. In the article we see the differences between the capitalist and the working class, and the impact that they have to overcome to become successful, or in other words “happy” with the living and working conditions presented to the working class. First, we are going to analyze what influences the price of the
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The price of the product reflects on the price of labor. We therefore see the capitalist pay for the labor with money in reserve and provide all the available instruments to improve labor comes from available wealth, before the commodity of wealth is reached within the company. Therefore, wages are not determined based on labor, but based on an already existing commodity for an amount of labor. The same laws that determine the price of every commodity determine the wages. The capitalist buys their labor with money. The commodity of money from the capitalist divided out by wages based on their individual hourly rate for labor. “Wages are the sum of money paid by the capitalist for a particular labor time or for a particular output of labor. (Marx 182)” So we are left with the premise the more you work the more commodities you’ll …show more content…
For example, the usage of machines for quicker labor the worker won’t receive more commodities for making and establishing more capital. The cost of production falls by one – half, because twice as much labor is produced at the same cost. An increase in capital leads to an increase in profit but profit only increases if wages decrease just as fast. At times when business is good, wages may rise by five per cent, but at the same time the product rises by thirty per cent. “Even the most favorable situation for the working class, the most rapid possible growth of capital, however much it may improve the material existence of the worker, does not remove the antagonism between his interests and the interests of the capitalists. (Marx 187)” You would expect the more rapid the worker works the more wealth you’d receive, but ends up increasing the wealth of the capitalist instead of balancing the wealth
The price of the product reflects on the price of labor. We therefore see the capitalist pay for the labor with money in reserve and provide all the available instruments to improve labor comes from available wealth, before the commodity of wealth is reached within the company. Therefore, wages are not determined based on labor, but based on an already existing commodity for an amount of labor. The same laws that determine the price of every commodity determine the wages. The capitalist buys their labor with money. The commodity of money from the capitalist divided out by wages based on their individual hourly rate for labor. “Wages are the sum of money paid by the capitalist for a particular labor time or for a particular output of labor. (Marx 182)” So we are left with the premise the more you work the more commodities you’ll …show more content…
For example, the usage of machines for quicker labor the worker won’t receive more commodities for making and establishing more capital. The cost of production falls by one – half, because twice as much labor is produced at the same cost. An increase in capital leads to an increase in profit but profit only increases if wages decrease just as fast. At times when business is good, wages may rise by five per cent, but at the same time the product rises by thirty per cent. “Even the most favorable situation for the working class, the most rapid possible growth of capital, however much it may improve the material existence of the worker, does not remove the antagonism between his interests and the interests of the capitalists. (Marx 187)” You would expect the more rapid the worker works the more wealth you’d receive, but ends up increasing the wealth of the capitalist instead of balancing the wealth