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But what do wages actually represent? Do wage claims cause inflation? What is the relationship between wages, profits and economic crisis? Capitalist production rests on two fundamentally antagonistic classes. Capitalists own the means of production. Workers own merely their ability to work, that is their labour-power. In capitalist society, labour-power has become a commodity. That is, it is bought and sold on the market, and has a value and a price, like all other commodities. Workers must sell their commodity, labour-power, on the market in order to live. Capitalists must buy labour-power in order for their means of production to operate and surplus-value to be created. The value of a commodity is determined by. . . full at: https://rdln.wordpress.com/2015/04/23/from-the-vaults-two-articles-on-wages-profits-lies-and-capitalist-crisis/ _________________________________________________________ Full posting guidelines at: http://www.marxmail.org/sub.htm Set your options at: http://lists.csbs.utah.edu/options/marxism/archive%40mail-archive.com
