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I recently read through Value, Price and Profit by Marx.
Marx starts off the pamphlet with a question of the impact of a rise in wages on the material conditions of wage workers, all else being equal. This question was motivated by Marx's contemporary Weston, who falsely asserted that a rise in wages would harm the working class. Such a question is still relevant today, given the absurdity of so-called "wage-price spirals" on the costs of commodities.
#socialism #communism #marxism #inflation
I’m almost done with this thread :) gotta add the last two chapters.
Edit (2022-08-10T14:28:00-05:00): Thread complete now.
Doing god’s work!