Karl Marx referred to the difference between what workers produce and what they earn as "surplus value." This concept highlights the exploitation of labor under capitalism, where workers create more value through their labor than the wages they receive. Surplus value is essentially the profit that capitalists derive from paying workers less than the value of their contributions.
Surplus value, as defined by Karl Marx, is the difference between the value that workers produce through their labor and the value they are paid in wages. Marx argued that this surplus value is appropriated by capitalists as profit, contributing to the exploitation of the working class under capitalism.
Karl Marx
capitalists and workers
On Karl Marx' grave it says " workers all of the world unite"
Karl Marx
Surplus value is a concept in Marxist economics that refers to the difference between the value produced by labor and the actual wage paid to the laborer. Essentially, it represents the profit that capitalists make from the labor of workers, as workers are compensated less than the total value of the goods or services they produce. This concept is central to Karl Marx's critique of capitalism, highlighting the exploitation inherent in the wage labor system. Surplus value is a key factor in the accumulation of capital and the dynamics of class struggle.
Karl Marx interpreted history as a class struggle between the workers (proletariat) and the owners (bourgeoisie). He believed that this conflict would eventually lead to the overthrow of the capitalist system and the establishment of a classless society. Marx argued that historical progress is driven by the struggle for economic power and the eventual realization of a communist society where workers collectively own the means of production.
Yes, Karl Marx discussed the conflict between the "haves" (bourgeoisie or capitalists) and the "have-nots" (proletariat or workers) in his theory of class struggle. He argued that this conflict would ultimately lead to the overthrow of capitalism and the establishment of a classless society.
Karl Marx wrote the phrase "The workers have nothing to lose but their chains" in his seminal work "The Communist Manifesto" in 1848, with Friedrich Engels.
Marx called the industrial class of workers the "proletariat." The workers themselves were called "proletarians."
Karl Oskar the IV of Sweden
Karl Marx and Friedrich Engels