And after she has bought it, she uses it up by letting the workers work during the stipulated time. What they actually sell to the capitalist for money is their labor-power. This labor-power the capitalist buys for a day, a week, a month, etc. They would all agree upon one point: that wages are the amount of money which the capitalist pays for a certain period of work or for a certain amount of work.Ĭonsequently, it appears that the capitalist buys their labor with money, and that for money they sell her their labor. If several workmen were to be asked: “How much wages do you get?”, one would reply, “I get $9 an hour,” “$50 a day,” and so on. When reading, think about your own experiences with work and wages. Does this explanation help you understand the social relationship between the worker and the employer? Wage Labor and Capital He would eventually have much more to say on the matter in his multi-volume masterpiece, Capital. Introduction – Why this is important and what to look forĪs with the previous selection (1c), this piece was written by Marx to workers themselves as an explanation of how wages were determined and valued.
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