OPE-L
mailing list archive
[ Other Periods  | Other mailing lists  | Search  ]
Date:  [ Previous  | Next  ]      Thread:  [ Previous  | Next  ]      Index:  [ Author  | Date  | Thread  ]

IMPORTANT: If you cite this message, OPE-L policy requires you not to reveal the identity of the author.

(OPE-L) Re: indirect labor, the real wage, and the production of surplus value

You may cite this message only if you do not disclose who wrote it. 

Mike L asked:

> Remember, though, it is the given real wage that I am questioning, though.
> My repeated question is-- what are the real conditions that would generate
> this if productivity is increasing?

Assuming that commodities are sold at their value and assuming
competitive  conditions,  productivity increases should result in declining
commodity prices, including declining prices for means of consumption
for workers. A given real wage, under these circumstances,  requires
*declining money wages*.

In solidarity, Jerry
[ Other Periods  | Other mailing lists  | Search  ]