From: Jerry Levy (Gerald_A_Levy@MSN.COM)
Date: Fri May 19 2006 - 09:34:09 EDT
> When a capitalist makes an employment contracts with the workers, > he/she advances a variable capital with the obligation to pay a month > later (with free interest). His/her obligation itself is a part of the > advanced capital. Chai-on, Is a month the standard in S. Korea for the interval between the onset of work and the receipt of wages by workers? I'd be interested in hearing from others on the list what the typical time period for the deferral of wage payments is in their countries. In the US, most workers (who are working 'on the books' -- this is an important qualification) receive wages either every week or every other week. It is often claimed by progressives, especially housing activists, in the US that most people are "one paycheck away from being homeless". This, I believe, is misleading since it does not take into account the ability of wage-workers to borrow (especially with credit cards) the amount required to meet a month's rent or mortgage payment and thereby forestall eviction. In solidarity, Jerry
This archive was generated by hypermail 2.1.5 : Wed May 31 2006 - 00:00:03 EDT