The average American worker would make $100,000/ year under a totally equal redistribution policy. And that's off Net national income, so less the costs of maintaining capital stock. That literally just the living labor value.
That means that the exploitation rate is almost exactly 2 (median wage is $50k). Marx always used a surplus accumulation value that was equal to variable/labor value, and that was in the peak of industrial revolution England.
yep, the exploitation is inherent to the mode of production and it's admittedly flawed to view things in terms of "wages keeping up with inflation" because it ignores what you said, good point
The average American worker would make $100,000/ year under a totally equal redistribution policy. And that's off Net national income, so less the costs of maintaining capital stock. That literally just the living labor value.
That means that the exploitation rate is almost exactly 2 (median wage is $50k). Marx always used a surplus accumulation value that was equal to variable/labor value, and that was in the peak of industrial revolution England.
yep, the exploitation is inherent to the mode of production and it's admittedly flawed to view things in terms of "wages keeping up with inflation" because it ignores what you said, good point