From: paul cockshott (clyder@GN.APC.ORG)
Date: Wed Jan 07 2004 - 09:25:50 EST
Paul Z: I'm still rather astonished that you could be thinking that U.S. workers may be more exploited the Third World workers. I don't get it. If wages are 5-20% of the U.S. levels, how is productivity in mfg. going to be 20 to 5 times higher in the U.S. when evidence suggests +/- 10% differentials. ----------------------- Paul C: The rate of surplus value for the economy as a whole relates to the share of wages in total value added. The factories that you take as examples are probably unrepresentative of the general productivity in the Mexican economy which will in tend to be substantially lower than in these factories. It is quite plausible that across the economy as a whole the labour productivity may be only 1/5th of the US level.
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