jim o'connor: absolute and relative surplus value

Barbara Laurence cns at cats.ucsc.edu
Mon May 31 11:28:36 PDT 1999


Has anyone seen any study indicating that temp and part-time employment, speed-ups and stretch-outs, longer hours, forced overtime and other modes of extracting absolute surplus value themselves increase or multiply during or after industrial restructuring of various kinds that aims to lower unit labor costs. Straight economists wouldn't even raise the question; bent economists would raise the question without necessarily being able to answer it, given the way the statistics are collected. Any firm can extract more surplus value absolutely, up to a point; it's only the system as a whole (competition, etc.) that produces surplus value relatively. Yet if one could correlate data on temp. etc., work with rising labor productivity in one or more firm or in one industry (which generates more rent, temporarily, until the rent is competed away by other capitals doing restructuring, such that more surplus value relatively is produced), one would have at least an indication. Thanks for any help. Jim O'Connor



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