According to Marx, if the wage increased above the subsistence
A) workers would spend it lavishly.
B) capitalists would refuse to pay the higher wage.
C) the increase in the number of workers would drive the wage back down.
D) surplus value would rise.

Question

Quizplus · Accepted Answer

According to Marx, if the wage increased above the subsistence level, the increase in the number of workers would drive the wage back down. This is because more workers would be attracted to the industry, increasing the supply of labor and decreasing the demand for labor, which would result in a lower wage. Marx believed that this was an inherent flaw in the capitalist system and that the only solution was for the workers to own and control the means of production.

According to Marx, If the Wage Increased Above the Subsistence