From: gerald_a_levy (gerald_a_levy@MSN.COM)
Date: Fri Nov 21 2003 - 08:57:13 EST
Mike L asked: > So, do you conclude that, all other things equal, the effect of > productivity increases in this case will be real wages rising at the rate > of productivity and, accordingly, a constant rate of surplus value? No, not really. Unless there is a meaningful mechanism that would adjust real wages to a change in productivity such that real wages will grow by an amount equal to the rate of growth of labor productivity (or when there is declining productivity, cause a reduction of real wages by a rate equal to the rate of reduction in labor productivity) there is no reason to come to this conclusion. In solidarity, Jerry
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