Heterodox
Chapter 21 of volume 1 of Capital is called “Piece Wages” and deals with wages paid by the number of output goods produced.A “piece wage” is a wage payment by quantity of products or units produced by a worker.Time wages and piece wages both exist and sometimes side by side. Marx argues that “[w]ages by the piece are nothing else than a converted form of wages by time, just as wages by time are a converted form of the value or price of labour-power” (Marx 1906: 602).But piece wages conceal...
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