An essay by David Broder on Marx’s understanding of wage labour drawing together notes for a recent meeting of our London reading group on workplace organising.
Capitalists pursue development to accumulate capital: they do not invest in the production of linen because they want lots of linen or in the extraction of oil because they want lots of oil, but because they believe that putting capital into the production process will allow them to accrue capital by selling the end product.
Although wealth exists in nature and not just thanks to human endeavour, capitalist development must depend on investment in a commodity which can itself produce further value – this means human labour, our mental and physical energies. In this framework our work must create some goods or services which satisfy some human desire or need (‘use value’) but also be sold as a commodity to those able to pay for it (‘exchange value’). Continue reading “introduction to marx’s understanding of work”