marx and marxism
2. First noted by John Locke in his Second Treatise on Government, labor is a source of value. Stated simply, the work a person does is worth money or a wage. This is a fundamental, arguably the fundamental principle, in the capitalist economic system. Most critics of the system argue capitalism exploits the worker because he is not paid and cannot be paid the full value of his labor, because this is the profit for the capitalist or employer. In describing a utopian capitalist world, Robert Heilbroner writes, “The laborer who contracts to work can ask only for a wage that is his due. What that wage will be depends . . . on the amount of labor time it takes to keep a man alive.” (157) However, for profit to exist for the capitalist or employer, the worker must work for longer than just his subsistence for the same wage. This, what Marx calls, surplus value
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Some common words found in the essay are:
Jacob Riis, Robert Heilbroner, Treatise Government, Department Labor, Marx Marxism, minimum wage, worker paid paid, starvation wages, surplus value profit, capitalist world, living wage, unregulated capitalism, riis describes, capitalist employer, value profit, surplus value, paid paid,
Approximate Word count = 597
Approximate Pages = 2 (250 words per page double spaced)
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