this post was submitted on 23 Jul 2024

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IWW and syndicalism

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"CNN, Hey I fixed your headline for you" (sh.itjust.works)

submitted 11 months ago* (last edited 11 months ago) by [email protected] to c/[email protected]

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[–] [email protected] 3 points 11 months ago (1 children)

Wage Labor and Capital, for anyone wanting to see mathmatical proof.

[–] [email protected] 2 points 11 months ago* (last edited 11 months ago)

This is like the size of one Chapter One of Vol. 1, Das Kapital... it still kicks ass and gets to the point on wages!

tl;dr on main point: Chapter 2

Chapter 2 talks mainly on this issue... Marx replies that when wages increase, at worst, prices in mostly non-essential sectors may increase, but prices for necessities like groceries stay, because as much as the capitalists in that sector may want to raise prices, there's a lot more new money to be used and spent on necessities, by the wage laborers

Thus, the non-essential sectors won't gain that much profit and inevitably would have to level out with the capitalist's prices of necessities in that sector to a more reasonable price...