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What Marx gets wrong about wages
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What Marx gets wrong about wages
Marx, in Wage Labour and Capital:What, then, is the cost of production of labour-power?It is the cost required for the maintenance of the labourer as a labourer, and for his education and training as a labourer…Here, however, there enters another consideration. The manufacturer…takes into account the wear and tear of the instruments of labour. If a machine costs him, for example, 1,000 shillings, and this machine is used up in 10 years, he adds …
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