Textbook Notes (368,326)
Canada (161,799)
Sociology (163)
SOCY 122 (65)
Chapter

The Classical Tradition

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Department
Sociology
Course
SOCY 122
Professor
Rob Beamish
Semester
Fall

Description
The Classical Tradition machinery and technology does not drive history and social change but the economy as a whole the drive for profit puts pressure on capitalists to increase their productive advantage over othersthis leads to technological innovation and more efficient production which then leads to replacement of workersthese workers become reserved army of the unemployed which puts a strain on capitalists who need profitthe unemployed are too poor to purchase goods in the market so the amount of consumers for commodities decreases these unemployed workers then compete with the employed for jobs and are willing to work for less money this puts a strain on wages causing them to fall employment instability leads to decreased consumer demand and falling salesepidemic of overproductionbrings disorder to the working classlaborers and their ability to work is the source of value which leads to profit
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