[Marxism] "Majority of New Jobs Pay Low Wages, Study Finds"

John A Imani johnaimani3 at gmail.com
Fri Aug 31 10:44:19 MDT 2012


<<Majority of New Jobs Pay Low Wages, Study Finds>>

This is not only attributable to the decline in unions and the increase in
the relative strength of the bourgeoisie vis the working class.  Other
factors are:

-Loss of value-creation system-wide due to export of factories, et al
(capital)

-Lowering of costs-of-reproduction of the workforce through increases in
the productivity in those industries supplying the goods that go into the
workforce's consumption (subsistence) or what has been called 'wage-goods'.

-Competition with workforces of lower costs-of-reproduction but producing
similar or close substitute goods.

See: “The Fall in the Value of Labor-power as a Contributor to the Tendency
of the Rate of Profit to Decline “ www.marxmail.org/Imani.htm


 Message: 18
Date: Fri, 31 Aug 2012 10:14:07 -0400
From: Louis Proyect <lnp3 at panix.com>
To: Activists and scholars in Marxist tradition
        <marxism at greenhouse.economics.utah.edu>,        Progressive
Economics
        <pen-l at lists.csuchico.edu>
Subject: [Marxism] Majority of New Jobs Pay Low Wages, Study Finds
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NY Times August 30, 2012
Majority of New Jobs Pay Low Wages, Study Finds
By CATHERINE RAMPELL

While a majority of jobs lost during the downturn were in the middle
range of wages, a majority of those added during the recovery have been
low paying, according to a new report from the National Employment Law
Project.



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