Is there a Wage Based Threshold in the Automation of Labour?

I’ve been reading up on the current stage in the automation of labour. The automation of industry seems to be more complex than Marx had originally anticipated. The main drive of automation has been the reduction in the cost of production. However, the question arises: is there a threshold, a point at which the cost…

What Does “Right-to-Work” Give You the Right To?

Right-to-work legislation has been in the news lately as the newest push by the ruling class to cut the benefits and living standards of the working class. Cleverly named “right”, it exudes freedom just by the sound of the word. In fact it’s quite the opposite. This is part of the austerity drive taking places…

Foxconn & the Organic Composition of Capital

Originally From: http://economicsofimperialism.blogspot.ca/2011/08/foxconn-organic-composition-of-capital.html “Foxconn, the world’s largest contract electronics manufacturer by revenue, plans to increase the use of robots in its factories 100-fold to 1m within three years, according to Terry Gou, chairman and chief executive.” (Financial Times, 1 August 2011) Taiwanese company Foxconn has already made an appearance on this blog. Last time it…