MHR 522 Lecture Notes - Labour Power, Class Conflict
11 Feb 2014
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Tuesday, january 28, 2014: collective bargaining is not allowed in our society, laws allow certain bargaining. However, not with other competitors in the market. Inherent downward pressure (on wages): race to the bottom . Commodity: thing produced for exchange (i. e. sale on a market) Not produced by you for your own benefit (ex. Making dinner for your family is private labour) We are talking about social labour (not private: capitalism: social system where most production are commodities for exchange. People do not produce for their own benefits, but for sales. The value of any commodity is the labour in the commodity (socially necessary labour time: ex. Labour value trades at a lesser value than it produces. Tuesday, january 28, 2014: the difference of value = surplus value. A worker can produce more value in a day than what they need to survive. Social process of creating (and recreating) a society of wage labourers.
