- Capitalism and Alternatives -

Correction

In Reply to: OK, Gee, here's an (socially necessary) hour of my time posted by Barry Stoller on October 28, 1999 at 12:19:55:

Gee:
Since new machines can produce much more inexpensive commodities of better quality, the hours required for the production of daily living materials, that is, necessary working hours are shortened.

Stoller:
That's right!

Gee:
Therefore wages also should be reduced.

I meant to say: right again...

But I anticipated you saying:

Gee: However, wages are seldom reduced...

Which demonstrates that you don't understand:

Gee:
Since new machines can produce much more inexpensive commodities of better quality, the hours required for the production of daily living materials, that is, necessary working hours are shortened.

That 'shortening' of hours are paid hours---i.e. wages.

Follow Ups:

None.