LABR 1F99 Lecture Notes - Lecture 5: Wage Labour, Lm Wind Power, Labour Power
23 Feb 2016
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What do we mean by alienated labour reading. Next week: unpaid work and social reproduction. Defn: the process by which workers offering their capacity to work for wages (labour supply) and employers offering jobs at a certain wage (labour demand) interact and settle on a mutually agreed upon wage contract. Availability of forms of survival outside the lm survive without paid work. Govnt policies which shape lm (education, training, income supports) Labour power (lp): the human mental and physical capacities exercised when creating the useful things we need to survive. Under capitalism, private property leads to commodification of labour power. Workers are separated from the means of production and must compete. Workers capacity to work (lp) is bought and sol to a labour market for a on a labour market for jobs price ie the wage. Wage relation between workers and employers imbalance of power. Workers must sell their labour power to survive can"t exit lm.
