this post was submitted on 23 Jul 2024

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IWW and syndicalism

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"CNN, Hey I fixed your headline for you" (sh.itjust.works)

submitted 3 months ago* (last edited 3 months ago) by [email protected] to c/[email protected]

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[–] [email protected] 0 points 3 months ago* (last edited 3 months ago)

This is like the size of one Chapter One of Vol. 1, Das Kapital... it still kicks ass and gets to the point on wages!

tl;dr on main point: Chapter 2

Chapter 2 talks mainly on this issue... Marx replies that when wages increase, at worst, prices in mostly non-essential sectors may increase, but prices for necessities like groceries stay, because as much as the capitalists in that sector may want to raise prices, there's a lot more new money to be used and spent on necessities, by the wage laborers

Thus, the non-essential sectors won't gain that much profit and inevitably would have to level out with the capitalist's prices of necessities in that sector to a more reasonable price...