All capitalist growth rests on a gap between wages and value created

Evidence

2 Growth in real values rests on the exploitation of living labour in production. This is not to say that labour gets little, but that growth is always predicated on a gap between what labour gets and what it creates. This implies that labour control, both in production and in the market place, is vital for the perpetuation of capitalism. Capitalism is founded, in short, on a class relation between capital and labour. Since labour control is essential to capitalist profit, so, too, is the dynamic of class struggle over labour control and market wage fundamental to the trajectory of capitalist development. — David Harvey, The Condition of Postmodernity, 1137

Categorization

• DEFINE: The core surplus-value mechanism that anchors flexible accumulation as still-capitalism.
• XREF: connects to: Capitalist growth fundamentally depends on paying workers less than they produce. — Clara E. Mattei, Escape from Capitalism: An Intervention, 104; Capitalist-worker exchange is formally equal but substantively unequal — Dirk Braunstein, Adorno’s Critique of Political Economy, 1365; Growth rests on workers selling labor for less than the value they create — Clara E. Mattei, Escape from Capitalism: An Intervention, 95 (+5 more)

Broader Connections

• Capitalist growth fundamentally depends on paying workers less than they produce. #corroborates (1.00) — Clara E. Mattei, Escape from Capitalism, 104
• Growth rests on workers selling labor for less than the value they create #corroborates (1.00) — Clara E. Mattei, Escape from Capitalism, 95
• Capitalist-worker exchange is formally equal but substantively unequal #expands (0.82) — Dirk Braunstein, Adorno’s Critique of Political Economy, 1365