The Law of Absolute Pauperization
The greater the social wealth, the functioning capital … and, therefore, also the absolute mass of the proletariat and the productiveness of its labour, the greater is the industrial reserve army. … But the greater this reserve army in proportion to the active labour-army, the greater is the mass of consolidated surplus-population, whose misery is in direct proportion to the labour put it. The more extensive … the industrial reserve army, the greater is official pauperism. This is the absolute general law of capitalist accumulation (Marx (1), vol. 1, p. 644).
KeywordsReal Wage Empirical Reality Capitalist Country Industrial Capitalist Marxian Theory
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