“As a result of this continuous improvement of productivity through the division of labor and technical advancement, one hour's labor today is worth about 25 times more than it was in the mid-19th century […. ] Growth and productivity alone are capable of raising real wages in the long run.”

— Johan Norberg, book In Defense of Global Capitalism

In Defense of Global Capitalism

Adopted from Wikiquote. Last update June 3, 2021. History

Help us to complete the source, original and additional information

Do you have more details about the quote "As a result of this continuous improvement of productivity through the division of labor and technical advancement, one…" by Johan Norberg?

Johan Norberg7

author 1973

Related quotes

“The crisis of production today is the crisis of the antagonism between manual and intellectual labor. The problem of modern philosophy from Descartes in the sixteenth century to Stalinism in 1950 is the problem of the division of labor between the intellectuals and the workers.”

C. L. R. James (1901–1989) Trinidadian writer

State Capitalism and World Revolution (1950)

“…if you increase living standards you make labor more productive. This is why Asia today is becoming more productive than the United States.”

Michael Hudson (economist) (1939) American economist

" "Higher Taxes on Top 1% Equals Higher Productivity http://therealnews.com/t2/index.php?option=com_content&task=view&id=31&Itemid=74&jumival=6000", Video Interview (13:28), The Real News Network (TRNN) (January 1, 2011)

“By bourgeoisie is meant the class of modern capitalists, owners of the means of social production and employers of wage labor. By proletariat, the class of modern wage laborers who, having no means of production of their own, are reduced to selling their labor power in order to live.”

Friedrich Engels book The Communist Manifesto

The Communist Manifesto, footnote (1888 edition)

“Any job that pays $2.13 an hour is not a job. It's indentured servitude. All labor has dignity and the way that we give labor dignity is by paying people the respect and the value that they are worth... We have to raise the national minimum wage to $15 an hour.”

Alexandria Ocasio-Cortez (1989) American politician

Twitter Post https://twitter.com/thehill/status/1134631705153802241, (31 May 2019) <br class="br">2019, Twitter Quotes (2019), May 2019

“The term division of labor has, from long usage, become associated in the public mind with manual processes. But productive labor is, in general, both manual and mental and just as there may be division of manual labor so there may be division of mental labor or division of thought. Modern productive methods tend constantly to separate mental labor from manual labor and then to subdivide each into smaller and smaller parts. The subdivision of manual labor is greatly furthered, as has been seen, by the extended use of tools. Subdivision of mental labor on the other hand is hastened by an increase in the amount of knowledge and mental development necessary to successfully perform the work in hand. Thus the mental labor of designing machinery is performed largely apart from the actual production; and this mental labor has become very closely specialized as the scientific basis of engineering has grown. This process of subdivision is greatly hastened in both manual and mental operations by increased quantity since this, of itself, enables the manager to avail himself of the inherent advantages of division of labor already discussed.”

Dexter S. Kimball (1865–1952) American engineer

Source: Principles of industrial organization, 1913, p. 48

“The product of mental labor — science — always stands far below its value, because the labor-time necessary to reproduce it has no relation at all to the labor-time required for its original production.”

Karl Marx (1818–1883) German philosopher, economist, sociologist, journalist and revolutionary socialist

Addenda, "Relative and Absolute Surplus Value" in Economic Manuscripts (1861-63)

“Labor is a commodity, like any other, and its price is therefore determined by exactly the same laws that apply to other commodities. In a regime of big industry or of free competition – as we shall see, the two come to the same thing – the price of a commodity is, on the average, always equal to its cost of production. Hence, the price of labor is also equal to the cost of production of labor. But, the costs of production of labor consist of precisely the quantity of means of subsistence necessary to enable the worker to continue working, and to prevent the working class from dying out. The worker will therefore get no more for his labor than is necessary for this purpose; the price of labor, or the wage, will, in other words, be the lowest, the minimum, required for the maintenance of life.”

Friedrich Engels (1820–1895) German social scientist, author, political theorist, and philosopher

(1847)

“Competition among capitalists requires that they constantly reduce the costs of production, by cutting wages or some other means, while increasing output through technological change and greater efficiency. The process, then, involves three intertwined aspects:
(1) capitalists control the means of production,
(2) laborers must sell their labor to survive because they lack access to the means of production, and
(3) there must be constant changes to increase production and cut costs.”

Ted C. Lewellen (1940–2006) American writer

Political Anthropology: An Introduction (2003), p. 213

“what is called the flexibility of the labor market means that no job is secure. There is no longer a clear division but rather a large gray area in which all workers hover precariously between employment and unemployment. Second there is no "reserve" in the sense that no labor power is outside the process of social production. The poor, the unemployed, and the underemployed in our societies are in fact active in social production even when they do not have a waged position.”

Antonio Negri book Multitude: War and Democracy in the Age of Empire

131
Multitude: War and Democracy in the Age of Empire

“Wealth in the hands of the holders of wealth is not capital until it controls the means of production, buys labor power, and puts it to work, continuously expanding surpluses by intensifying productivity through an ever-rising curve of technological inputs.”

Eric Wolf (1923–1999) American anthropologist

Source: Europe and the People Without History, 1982, Chapter 3, Modes of Production, p. 78.

“As a result of this continuous improvement of productivity through the division of labor and technical advancement, one hour's labor today is worth about 25 times more than it was in the mid-19th century […. ] Growth and productivity alone are capable of raising real wages in the long run.”

Help us to complete the source, original and additional information

Johan Norberg7

Related quotes

Related topics