Vampire [any]

  • 39 Posts
  • 235 Comments
Joined 4 years ago
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Cake day: January 23rd, 2021

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  • Can you summarise?

    There is no unequal exchange. Workers in more developed countries get paid more because they produce more per hour. There are statistics showing the amount of steel or the amount of grain produced per man-hour of labour in India might be 10-100 times lower than in the USA or UK (because workers use more technologically advanced tools).

    Hickel’s paper says “We find that Southern wages are 87–95% lower than Northern wages for work of equal skill.” – but a worker of equal skill working a big induction furnace to a worker using a charcoal furnace produces more. He does more socially-necessary-labour per labour-hour.