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| Title | Wage labour and capital |
| Creator (LCNAF) |
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| Contributor (LCNAF) |
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| Publisher | International Publishers |
| Place of Creation (TGN) |
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| Date | 1932 |
| Subject.Topical (LCSH) |
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| Genre (AAT) |
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| Language | English |
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| Original Item Extent | 48 pages; 20 cm |
| Original Item Location | HB301.M3813 1932 |
| Original Item URL | http://library.uh.edu/record=b8302360~S11 |
| Original Collection | Socialist and Communist Pamphlets |
| Digital Collection | Socialist and Communist Pamphlets |
| Digital Collection URL | http://digital.lib.uh.edu/collection/scpamp |
| Repository | Special Collections, University of Houston Libraries |
| Repository URL | http://libraries.uh.edu/branches/special-collections |
| Use and Reproduction | In Copyright: This item is protected by copyright. Copyright to this resource is held by the creator or current rights holder, and the resource is provided here for educational purposes. It may not be reproduced or distributed in any format without permission of the copyright owner. Users assume full responsibility for any infringement of copyright or related rights. |
| Note | Translation of Lohnarbeit und Kapital. |
| File Name | index.cpd |
| Title | Image 42 |
| Format (IMT) |
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| File Name | uhlib_2981922_041.jpg |
| Transcript | 40 WAGE-LABOUR AND CAPITAL If capital grows rapidly, wages may rise, but the profit of capital rises disproportionately faster. The material position of the worker has improved, but at the cost of his social position. The social chasm that separates him from the capitalist has widened. Finally, to say that " the most favourable condition for wage- labour is the fastest possible growth of productive capital," is the same as to say: the quicker the working class multiplies and augments the power inimical to it—the wealth of another which lords it over that class—the more favourable will be the conditions under which it will be permitted to toil anew at the multiplication of bourgeois wealth, at the enlargement of the power of capital, content thus to forge for itself the golden chains by which the bourgeoisie drags it in its train. Growth of productive capital and rise of wages, are they really so indissolubly united as the bourgeois economists maintain? We must not believe their mere words. We dare not believe them even when they claim that the fatter capital is the more will its slave be pampered. The bourgeoisie is too much enlightened, it keeps its accounts much too carefully, to share the prejudices of the feudal lord, who makes an ostentatious display of the magnificence of his retinue. The conditions of existence of the bourgeoisie compel it to attend carefully to its bookkeeping. We must therefore examine more closely into the following question: In what manner does the growth of productive capital affect wages? If as a whole, the productive capital of bourgeois society grows, there takes place a more many-sided accumulation of labour. The individual capitals increase in number and in magnitude. The multiplications of individual capitals increases the competition among capitalists. The increasing magnitude of individual capitals provides the means for leading more powerful armies of workers with more gigantic instruments of war upon the industrial battlefield. The one capitalist can drive the other from the field and carry off his capital only by selling more cheaply. In order to sell more cheaply without ruining himself, he must produce more cheaply, i.e., increase the productive force of labour as much as possible. But the productive power of labour is increased above all by a greater division of labour and by a more general introduction and |