A Quote by Guy Standing
Successive governments in the U.K. have worked to create a more flexible labour market, which also meant labour insecurity. They allowed wages to drop and non-wage benefits to shrivel, creating worse inequality than statistics reveal.
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Globalisation began what should be called the Great Convergence, creating a globalising labour market in which wages in emerging market economies slowly converge with wages in rich economies, generating a steady drop in real wages across Europe.
It is not the actual greatness of national wealth, but its continual increase, which occasions a rise in the wages of labour. It is not, accordingly, in the richest countries, but in the most thriving, or in those which are growing rich the fastest, that the wages of labour are highest. England is certainly, in the present times, a much richer country than any part of North America. The wages of labour, however, are much higher in North America than in any part of England.
What made women's labour particularly attractive to the capitalists was not only its lower price but also the greater submissiveness of women. The capitalists speculate on the two following factors: the female worker must be paid as poorly as possible and the competition of female labour must be employed to lower the wages of male workers as much as possible. In the same manner the capitalists use child labour to depress women's wages and the work of machines to depress all human labour.
The tendency of taxation is, to create a class of persons, who do not labour: to take from those who do labour the produce of that labour, and to give it to those who do not labour.
Our supporters just want a Labour government. They want a Labour government that does what Labour governments are expected to do. They expect a Labour government to provide them, their families and their communities with the support and security they need, especially in difficult times.
Yes, there is some evidence that migration can slightly depress wages at the bottom end of the labour market, but that's an argument for a genuine living wage, for ensuring all workers are employed on the same terms and conditions, and for extending unionisation.
Globalisation, technological change, and the move to flexible labour markets has channelled more and more income to rentiers - those owning financial, physical, or so-called intellectual property - while real wages stagnate.
If a market exists for low-paid work, then we should think about how we can make this type of work more attractive by providing government assistance. Of course, the wage-earner must be able to live off of his wages. We will not allow poverty wages or dumping wages. But the wage earner can receive a combined wage that includes both his actual wages and a government subsidy.
The theory of the determination of wages in a free market is simply a special case of the general theory of value. Wages are the price of labour.
High levels of inequality generate high costs for society, dampening social mobility, undermining the labour market prospects of vulnerable social groups, and creating social unrest.
I'm more socialist certainly than New Labour - I'm very old Labour, really.
In a fair society, the solution to unemployment is not to force people into workfare programmes which do little more than supply big companies with free labour. It's to create jobs that pay a living wage, for example, by investing in new sustainable infrastructure projects and boosting the jobs-rich low carbon economy.
Labour allowed ourselves to be painted as anti-business for talking about insecurity, when in reality, the opposite was true.
Servile labour disappeared because it could not stand the competition of free labour; its un-profitability sealed its doom in the market economy.
LABOUR, like all other things which are purchased and sold, and which may be increased or diminished in quantity, has its natural and its market price. The natural price of labour is that price which is necessary to enable the labourers, on with another, to subsist and to perpetuate their race, without either increase or diminution.
People would do well to ask themselves how many of their ambitions and aspirations derive from the type of economic system they inhabit and the insecurity and exhaustion it creates, and question the sense and purpose of a society where control of a large portion of life is abdicated under contract in the labour market, and where immense creativity and potential is stifled by the need to do difficult and repetitive tasks in order to earn a wage.
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