[lbo-talk] How much do college students...

[c b]

Just to clear up a common confusion: labor productivity = output /
hours worked. It has nothing to do with wages. Wages can be high;
wages can be low; it doesn't affect the measurement of productivity.

In principle, productivity can increase via an greater work intensity
- i.e., working harder/more per hour on the job. But if you look at a
chart of labor productivity over the past 100 years (or even 30 years)
it becomes obvious that it can't be chalked up to ever-increasing
intensity. Eventually intensity would hit its 100% maximum and
productivity growth would stop.

SA

^^^^^
CB: "The bourgeoisie cannot exist without constantly revolutionizing
the instruments of production..."

See more complexly :

Karl Marx. Capital Volume One
Part IV: Production of Relative Surplus Value

http://www.marxists.org/archive/marx/works/1867-c1/ch12.htm