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From: andrew kliman[SMTP:Andrew_Kliman@msn.com]
And I still maintain that repression costs reduce capitalists' net profit, so
that if they wish to maximize their net profit, they have an incentive to
replace living labor with dead labor in order to lower repression costs. This
incentive operates independently of the wage rate and would be present even
were v = 0, and it is therefore incorrect to claim that rational capitalists
would mechanize were the incentive of wage reductions absent.
Paul C:
If the wage costs actually were zero, the degree of intensity of labour would
be a matter of indifference. A halving of intensity could always be compensated
for at no cost by using twice as many workers. There would then be no reason
to spend real money to intensify labour.
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