Tuesday, 23 June 2009

Exemplar Exploitation

Here's a little story that serves as an example of Marxian exploitation. It identifies how those who own the means of production (shareholders) gain wealth from the surplus labour of those who operate the means of production (workers). British Airways has asked its staff to consider working without pay for a little while.

I know of a company which, on the other hand, has maintained the pay increases for the factory workers and cancelled the pay increases for the office workers. This, although a better step, is still exploiting the employees for the benefit of the shareholders.

In either case, the employee is asked to shoulder the burden of reduced profits, rather than the shareholders accepting a lower profit while still buying labour at the same rate. I can see why Marx was outraged.
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