Application Quote by Karl Marx
“The more the division of labor and the application of machinery extend, the more does competition extend among the workers, the more do their wages shrink together.”
About This Quote
Source Book: Das Kapital, Volume I, 1867
Increasing division of labor and mechanization intensify competition, driving wages down for workers.
In simple terms: More labor division and machines lower wages.
Key Takeaway
Recognize how technology impacts wages.
Themes
economics
labor
technology
competition
Mood
analytical
critical
Type
economic
philosophical
When to use this quote
- factory work
- skill development
- policy making
- union negotiations
Key Concepts
capitalism
marxism
industrialization
Questions to Reflect On
- How does technology affect wage inequality?
- What policies could mitigate wage pressure?
A Different Perspective
May overlook benefits of productivity gains.
