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.

Suggest upcoming texts here.

Previous texts
  1. The Defeat of One’s Own Government in the Imperialist War
  2. How to Be a Good Communist
  3. The Wretched of the Earth (1, 2-3, 4, 5-)
  4. The Foundations of Leninism
  5. Decolonization is not a metaphor
  6. Marxism and the National Question
  7. China Has Billionaires
  8. Imperialism, the highest stage of capitalism
  9. Wage Labour and Capital
  • deathtoreddit@lemmygrad.ml
    link
    fedilink
    arrow-up
    5
    ·
    2 days ago

    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

    We have seen that the expropriation of the mass of the people from the soil forms the basis of the capitalist mode of production. The essence of a free {settler} colony, on the contrary, consists in this — that the bulk of the {indigenous}soil is still public property, and every settler on it therefore can turn part of it into his private property and individual means of production, without hindering the later settlers in the same operation.[10] This is the secret both of the prosperity of the colonies and of their inveterate vice — opposition to the establishment of capital. “Where land is very cheap and all men are free, where every one who so pleases can easily obtain a piece of land for himself, not only is labour very dear, as respects the labourer’s share of the produce, but the difficulty is to obtain combined labour at any price.” [11]

    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

    the expropriation of the mass of the people from the soil

    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