Marx’s Capital: Why Wage Labor is Always Exploited

Part three of a seven-part series of classes on Marx’s Capital by the IMHO.

TOPIC:
The Creation of Surplus Value VS. The Creativity of Human Labor – Why Wage Labor is Always Exploited:
creative and conscious human labor; labor theory of value; labor power, surplus value, and variable capital

MAIN READING:
Chs. 7-8 of Capital I

N.B.: We encourage using the Fowkes translation of Capital Vol. 1 (https://www.amazon.com/Capital-Critique-Political-Economy-Classics/dp/0140445684), but here is a free alternative to all of Capital Vol. 1. (https://www.marxists.org/archive/marx/works/1867-c1/)

OPTIONAL READING:
Cleaver, Rupturing the Dialectic (pp. 29-71), Greenhouse and Kasperkevic, “Fight for $15 turns into largest protest by low-wage workers in U.S. history,” Guardian, April 15, 2015 https://www.theguardian.com/us-news/2015/apr/15/fight-for-15-minimum-wage-protests-new-york-los-angeles-atlanta-boston