Labor Power Report, Issue 6, June 2011
Published by Workers International Industrial Union
Don't know about labor power. Read the Labor Power Report, Introductory, January 2011
Before beginning, this is a reminder from past Labor Power Issues, to all fellow workers--employed, underemployed, working poor (the fastest growing economic sector) and students on the threshold of entering the labor market. Under our existing economic system: Your labor power always costs too much no matter how low the pay for it gets.
Untouched by Human Hands
Competition Compels the US masters of Industry to strive towards churning out products untouched by human hands.
The tendency of our social system, commonly called, "free enterprise system," is to render labor power superfluous for the production of products. In essence, it means that the cost of labor power would eventually reach zero. Of course that is an impossibility since the products produced, but owned by a tiny minority, must be sold in the stores. As the average pay of workers is steadily reduced in relation to the cost of the merchandise in stores, the need for credit steadily increases. As has been obviously demonstrated, the cost of labor power has not reached zero, yet economic collapse is threatening due to the enormous necessity for credit having reached its breaking point. The collapse of the market will happen before zero labor power in production.