THE US RATE OF PROFIT IN Q2 FALLS TO POST-WAR LOW.
August 29, 2020 2 Comments
DOES RISING INEQUALITY & THE GROWTH OF UNPRODUCTIVE LABOUR EFFECT PROFITABILITY?
July 29, 2020 Leave a comment
This article discusses the two different forms of unproductive labour; functional unproductive labour versus personal unproductive labour. The former is paid out of capital and the latter out of revenue. The former weighs on the rate of profit by reducing profits, while the latter weighs on the rate of profit not by reducing profits but by increasing wages as recorded in the National Accounts. Here then is the importance of distinguishing the different forms of unproductive labour.
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