According to Marx,how do capitalists maximize profits?
A) They hire more workers for productivity.
B) They improve working conditions.
C) They keep workers' wages low.
D) They encourage union negotiations.

Question

Quizplus · Accepted Answer

Marx argued that capitalists maximize profits by keeping wages low, as this minimizes labor costs and allows them to extract more surplus value from their workers. Hiring more workers or improving working conditions may lead to increased productivity, but it also increases labor costs and therefore decreases profits from a capitalist perspective. Encouraging union negotiations would also be unlikely, as unions typically advocate for higher wages and better working conditions, which would not benefit the profit-maximizing goals of capitalists.

According to Marx,how Do Capitalists Maximize Profits