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Module 4 Week 1 Karl Marx_World Civilization II
Q How does Marx describe wages as a commodity price, equivalent to other sorts of “prices” in the marketplace?How does he contrast larger economic forces with the lived realities of workers in a factory?
Karl Marx describes wages as a commodity price that are paid to the labor for their power of the labour. He very well explains how wages are commodity price and how labour is a commodity. The labourers sell their power of labor to the capitalist for whatever amount that is based on the time period. For example, a worker can sell his labor for 2 shillings per day. This means the capitalist is buying that power of the labor for one day for two shillings the same way he can buy sugar for two shilling.
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