Background Image
Labor, being itself a commodity, is measured as such by the labor time needed to produce the labor-commodity. and what is needed to produce this labor-commodity? just enough labor time to produce the objects indispensable to the constant maintenance of labor, that is, to keep the worker alive and in a condition to propagate his race. the natural price of labor is no other than the wage minimum.
-Karl Marx
Please Wait....
Translating....

Labor, Being Itself A Commodity, Is Measured

Karl Marx
Labor, being itself a commodity, is measured as such by the labor time needed to produce the labor-commodity. and what is needed to produce this labor-commodity? just enough labor time to produce the objects indispensable to the constant maintenance of labor, that is, to keep the worker alive and in a condition to propagate his race. the natural price of labor is no other than the wage minimum.
Views: 5
Cite this Page
Prevent plagiarism by providing proper attribution.
APA FORMAT
Embed this Quote
Copy this HTML code to embed the quote on your website or blog.
HTML CODE
Topic
Race Maintenance Alive

More From Karl Marx

A general flat minimum-wage law for all industry is permissible, but i do not think that it is a particularly wise method of achieving the end. i know much better methods of providing a minimum for everybody. but once you turn from laying down a general minimum for all industry to decreeing particular and different minimum for different industries, then, of course, you make the price mechanism inoperative, because it is no longer the price mechanism which will guide people between industries and trades.
Wise Thinking Law
Minimum wage laws tragically generate unemployment, especially so among the poorest and least skilled or educated workers... because a minimum wage, of course, does not guarantee any worker's employment; it only prohibits, by force of law, anyone from being hired at the wage which would pay his employer to hire him.
Law Doe Unemployment
[a] family with two kids that earns the minimum wage still lives below the poverty line. that's wrong. that's why, since the last time this congress raised the minimum wage, 19 states have chosen to bump theirs even higher. tonight, let's declare that in the wealthiest nation on earth, no one who works full-time should have to live in poverty, and raise the federal minimum wage to $9 an hour.
Kids Two Should Have
Economists may not know much. but we know one thing very well: how to produce surpluses and shortages. do you want a surplus? have the government legislate a minimum price that is above the price that would otherwise prevail. that is what we have done at one time or another to produce surpluses of wheat, of sugar, of butter, of many other commodities. do you want a shortage? have the government legislate a maximum price that is below the price that would otherwise prevail.
Government May Want
I want people to make a lot more than $9. $9 is not enough. the problem is that if you can't do that by mandating it in the minimum wage laws. minimum wage laws never worked in terms of helping the middle class attain more prosperity.
Law Class People
A market where chief executive officers make 262 times that of the average worker and 821 times that of the minimum-wage worker is not a market that is working well. and it is surely not working well enough to build a solid middle class.
Average Class Minimum Wage
Similar Quotes
When i was trying to figure out why lives have improved so much in the last 300 years, where we've gone from a third of kids dying before 5 to - by 1990 it was down to 10% - now it's down to 5%. and saying why, over all history, there were smart people, but that number didn't change. average life span didn't change. what's magical about what's been deemed the industrial revolution? it's really energy intensity.
Smart Kids Average
Average band with a great drummer sounds great, great band with an average drummer sounds average.
Average Sound Band
Each of the major sciences has contributed an essential ingredient in our long retreat from an initial belief in our own cosmic importance. astronomy defined our home as a small planet tucked away in one corner of an average galaxy among millions; biology took away our status as paragons created in the image of god; geology gave us the immensity of time and taught us how little of it our own species has occupied.
Home Average Taught Us
Only in very recent times has the average man been a source of savings.
Men Average Saving

Trending Author

Russel Honore
Russel Honore
Dan Lipinski
Dan Lipinski
Yancy Butler
Yancy Butler
Ray Floyd
Ray Floyd
Judy Garland
Judy Garland
ASAP Rocky
ASAP Rocky
Category
Information
Inspirational
Philosophy
Personal Growth
Happiness & Joy
Life Lessons
Success & Business
Motivation