Karl Marx’s ”Capital” Vol. 3 (Part 2/10)
Theory & Philosophy
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As Wages Go Up, Profit Rate Comes Down
As you spend more on wages, you 're going to earn less than profit. So what we see here is that as wages have gone up, profit rate has gone down. If wages go down, the capitalist will try to keep the less in labor doing the same work by making them work harder. And then there can be situations in which the surplus value stays the same, but the price alters. There's a difference in price. Now it's important here to think of these variations as part of a total social capital. Don't think of variation in any individual industry just existing on its own. In order to understand what an increase or decrease in any of these elements might be if there
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