Payment For Unfree Labour
If payment occurs, it may be in one or more of the following forms:
- The payment does not exceed subsistence or barely exceeds it;
- The payment is in goods which are not desirable and/or cannot be exchanged or are difficult to exchange; or
- The payment wholly or mostly consists of cancellation of a debt or liability that was itself coerced, or belongs to someone else.
Unfree labour is often more easily instituted and enforced on migrant workers, who have travelled far from their homelands and who are easily identified because of their physical, ethnic, linguistic, or cultural differences from the general population, since they are unable or unlikely to report their conditions to the authorities.
According to the labour theory of value (as used by the classical economists), under capitalism, workers never keep all of the wealth they create, as some of it goes to the profit of capitalists. By contrast, according to the subjective theory of value (as used by neoclassical economists), the wages offered necessarily represent the marginal wealth generated by the labour, and any profit (or loss) is due to other inputs provided, such as arbitrage, time value of money, or risk.
Read more about this topic: Forced Labor
Famous quotes containing the words payment and/or labour:
“Latin America is very fond of the word “hope.” We like to be called the “continent of hope.” Candidates for deputy, senator, president, call themselves “candidates of hope.” This hope is really something like a promise of heaven, an IOU whose payment is always being put off. It is put off until the next legislative campaign, until next year, until the next century.”
—Pablo Neruda (1904–1973)
“Coming to Rome, much labour and little profit! The King whom you seek here, unless you bring Him with you you will not find Him.”
—Anonymous 9th century, Irish. “Epigram,” no. 121, A Celtic Miscellany (1951, revised 1971)