LABRST 1C03 Lecture Notes - Panopticon, Scientific Management, Deskilling
1 Apr 2013
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**key terms = panopticon, scientific management, deskilling, mechanization of work, human relations. Labour produces a surplus value for capitalists. The surplus value is the source of profits. Profits are consumed either as luxury goods or expansion to grow the business. Capitalist firms over time expand and consolidate. Capitalism is constantly expanding system in search of profits system that is based on the exploitation of labour. Workers who are alienated from the means of production are forced to sell their labour to make a living. When it doesn"t expand or expand fast enough there is an economic crisis. Physical limitation of workers (people need proper sleep and food) Surplus value through efficiency is shortening the time it takes the worker to produce the value equivalent to their wages. If lengthening the work day is a limited option in terms of increasing profits, other needs must be used. The first effort was to concentrate production by means of the factory system.
