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Rate of exploitation

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Title: Rate of exploitation  
Author: World Heritage Encyclopedia
Language: English
Subject: Organic composition of capital, Surplus value, Monopsony, Marxian school of economics, Wage share
Collection: Economics, Marxian School of Economics, Marxist Theory, Political Economy, Rates
Publisher: World Heritage Encyclopedia

Rate of exploitation

In Marxian economics, the rate of exploitation is the divergence between labor productivity and the wage rate. In Marx's analysis of capitalist development, technological progress yields a higher ratio of constant capital (non-labor inputs) to variable capital (labor inputs), which lowers the demand for labor relative to capital inputs. This causes unemployment that services to exert a downward pressure on wages while productivity per worker rises, thus increasing the rate of surplus value extraction.[1]

See also


  1. ^ Grossmann, Volker (January 26, 2001). Inequality, Economic Growth, and Technological Change: New Aspects in an Old Debate. Physica. p. 15.  
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