Wage-Labour and Capital ╚──────────────────────────────────╝ ┌──────────────┐ │ Preliminary │ └──────────────┘ Marx presents the subject in three divisions: (1) The Relation of Wage-Labour to Capital, the Slavery of the Worker, the Rule of the Capitalist (2) The Inevitable Ruin of the Middle Classes and the so-called Commons under the present system (3) The Commercial Subjugation and Exploitation of the Bourgeois classes of the various European nations by the Despot of the World Market--England. ┌─────────────────┐ │ What are Wages? │ └─────────────────┘ Wages are the amount of money which the capitalist pays for a certain period of work or for a certain amount of work Workers sell their their labour to the capitalist that buys it Exchange-value: the relation in which labour-power is exchanged for other commodities Labour-power: what the worker sells to the capitalist Wages is a special name for the price of labour-power Wages are not a share of the worker in the commodities produced by himself. wages are the part of already existing commodities with which the capitalist buts a certain amount of productive labour-power. The wage-worker sells their labour-power to the capitalist in order to live Work is the active expression of the labour's own life. -He sells this to another person in order to secure the necessary means of lifer -it is a means of securing his own existence -its is a sacrifice of his life -life for him begins where this activity ends -the work has no meaning, earnings do which enable him to live life The worker cannot leave unless he gives up his own existence Wages, therefore are determinedly the same laws hat determine the price of every other commodity. -How is the price of a commodity determinded? ┌────────────────────────────────────────────────┐ │By What is the Price of a Commodity Determined? │ └────────────────────────────────────────────────┘