In [OPE-L:4891] Steve K wrote:
> Yet *every* reference of one to the other that I
> have found in Marx's own writings refers to the value
> of labor power as the
> *minimum* wage
See Vol 3, Ch. 14, Section 2 ("Reduction of wages BELOW their value",
emphasis added, JL) of *Capital* (Penguin/Vintage ed., p. 342).
Regarding this possibility, Marx explicitly mentions the role of *trade
unions* as a counter-veiling force: "trade unions wish to prevent the
*price* of labour-power from falling below its value" (Volume 1, Penguin
ed., p. 1069).
But this quote is _not from *Capital*_ -- it is from the "Results of the
Immediate Process of Production" which Marx chose not to include in Volume 1
when it was published.
In solidarity, Jerry
This archive was generated by hypermail 2b30 : Thu Mar 01 2001 - 14:01:38 EST