Declining Labour and Strengthening Capital: an Analysis of the ilo Wage Report and ituc Rights Index

What is it about?

An analysis of the of the ILO Global Wage Report (2022) and ITUC Global Labour Rights Index (2023). These reports show how wage labour and capital continue are in opposition with one another. In today's absolute capitalism the price of labour power is decreasing. Labour conditions and labour rights continue also to deteriorate. Super-exploitation of workers produces a tendency towards the extraction of absolute surplus value, the condition of the slave. This tendecy is global but, for the time being, some regions are more affected than others.

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