Re: Re: Re: Re: Re: Re: Re: Re: Re: the profit rate & recession

[Doug Henwood <dhenwood@xxxxxxxxx>]

Rakesh Bhandari wrote:

> That is, did the limit to accumulation become the shortage of easily
> exploitable labor?
>
> Overtime was reaching  heights during the boom, it seems.

Businesspeople constantly complain about the lack of qualified labor.
I saw a press release just the other day from some consultant or
other saying that despite the recession, lots of firms can't find
good workers. Today's WSJ has a piece about how Nissan is concerned
that Hyundai may set up shop in Mississippi and offer competition for
the good workers (presumably in short supply in Mississippi).

>  I am saying that as long as a falling rate of profit is accompanied
> by a rising mass of profit, accumulation may indeed accelerate

How you measuring accumulation? If you're measuring profitability in
relative rather than absolute terms, shouldn't you measure
accumulation relatively as well?

Doug