Archive for the 'Capital I. Part 6' Category

Capital I. Part 6: Wages, chapters 19 to 22

In Part Six through the discussion of wages in their various forms Marx begins to develop the concept of the collective worker and teases out some sources of division and mystification of the class condition. He will establish what wages represent in general before dividing his analysis into capital’s different strategies: time-wages, piece-wages and accounting for the difference in wages internationally. Prices and price movements mask fundamental social relations. The development of wages and their various forms, whether they are hourly rates or piece-rates, mask the extraction of surplus value. Continue reading ‘Capital I. Part 6: Wages, chapters 19 to 22’