This text was written by Marx and published in 1865. Much like Wage Labour and Capital, the text overlaps with parts of Capital. You can read the text here.
You can post questions or share your thoughts at any time, even after we’ve moved on to a new text.
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Previous texts
- The Defeat of One’s Own Government in the Imperialist War
- How to Be a Good Communist
- The Wretched of the Earth (1, 2-3, 4, 5-)
- The Foundations of Leninism
- Decolonization is not a metaphor
- Marxism and the National Question
- China Has Billionaires
- Imperialism, the highest stage of capitalism
- Wage Labour and Capital
You might be in luck. While I can’t say why Marx didn’t mention the reasons why he didn’t do that,
He did mention why U.S wage laborer earned relative higher, compared to their British and European counterparts, in Chapter 33 of Capital
In other words, in a world of Euro-Amerikan petty bourgeoisie settler proprietors, why be a wage laborer? Hence, to attract more wage laborers, a transitional above-average wage was put into place, by necessity.
Only when
by growing Capital is in major process, will Capital thus reduce and later equalize the wage of wage laborers to what it is in Europe