It’s always interesting to see how radical non-Marxian economists like Jack Rasmus or Michael Hudson treat Marx’s ideas. Does increasing exploitation automatically lead to immiseration? Is it possible that the standard of living for workers can rise while they are exploited more? Rasmus also discusses how Marx’s relative and absolute surplus value is operating today. One example is to pay professionals a flat salary vs hourly wages. This allows capitalists to force salaried workers to work longer. Another example is to stretch the working day for teachers so that they are counseling and mentoring students after their classroom day is over.
Read Dr. Jack Rasmus in Alternative Visions
