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Mike L asked: > So, do you conclude that, all other things equal, the effect of > productivity increases in this case will be real wages rising at the rate > of productivity and, accordingly, a constant rate of surplus value? No, not really. Unless there is a meaningful mechanism that would adjust real wages to a change in productivity such that real wages will grow by an amount equal to the rate of growth of labor productivity (or when there is declining productivity, cause a reduction of real wages by a rate equal to the rate of reduction in labor productivity) there is no reason to come to this conclusion. In solidarity, Jerry
- (OPE-L) Re: indirect labor, the real wage, and the production of surplus value, (continued)
- (OPE-L) Re: indirect labor, the real wage, and the production of surplus value, gerald_a_levy Thu 20 Nov 2003, 16:15 GMT
- Re: (OPE-L) Re: indirect labor, the real wage, and the production of surplus value, michael a. lebowitz Thu 20 Nov 2003, 16:35 GMT
- (OPE-L) Re: indirect labor, the real wage, and the production of surplus value, glevy Thu 20 Nov 2003, 16:44 GMT