According to Karl Marx a particular element within capitalism plays an important function that constantly reminds workers that they can be easily replaced if they demand too much in terms of wages and benefits. What is this element Marx was referring to?

Question

Quizplus · Accepted Answer

Marx referred to the reserve army of the unemployed as a key element in capitalism that keeps wages low by reminding workers that their jobs can easily be taken away and given to someone else who is willing to work for less. This reserve army of unemployed workers serves as a backup labor pool for employers, which helps keep wages low and employees in a vulnerable position.

According to Karl Marx a Particular Element Within Capitalism Plays