| This question <492|554> overall <543|545> ZDR: <388|721>. graded B |
| Question 524: According to Marx, the only way to increase profits is to shorten the portion of the day during which the workers produce an equivalent of their wage, and to extend that portion of the day when they create unreimbursed new value for the capitalist. Are the capitalists aware of it that all their cost cutting measures, if successful, go at the expense of their workers? |
| [544] ZDR: of course they know Marx all along in chapter 10 goes into to great length that the capitalist not only knows that he hurts his employees when they cut cost but in most cases don't even care, as long as they maximize profits. This is one topic I think Marx is right on. Look at our economy! Now we have the corporations passing health care cost to the employee as well as the CEO who makes 6 figures+ who lays off his employee before taking a pay cut to keep the employee's job. This is one area where Marx brings up many good points with what's wrong with capitalism. |
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