Marx, Karl. Economic and Philosophic Manuscripts of 1844. Martin Milligan, trans. Amherst, NY: Prometheus Books, 1988.

Excerpt:

“Wages are determined through the antagonistic struggle between capitalist and worker. Victory goes necessarily to the capitalist. The capitalist can live longer without the worker than can the worker without the capitalist. Combination among the capitalists is customary and effective; workers’ combination is prohibited and painful in its consequences for them. Besides, the landowner and the capitalist can make use of industrial advantages to augment their revenues; the worker has neither rent nor interest on capital to supplement his industrial income. Hence the intensity of the competition among the workers. Thus only for the workers is the separation of capital, landed property, and labour an inevitable, essential and detrimental separation. Capital and landed property need not remain fixed in this abstraction, as must the labour of the workers.

The separation of capital, rent, and labour is thus fatal for the worker.

The lowest and the only necessary wage rate is that providing for the subsistence of the worker for the duration of his work and as much more as is necessary for him to support a family and for the race of labourers not to die out. The ordinary wage, according to Smith, is the lowest compatible with common humanity [6], that is, with cattle-like existence.

The demand for men necessarily governs the production of men, as of every other commodity. Should supply greatly exceed demand, a section of the workers sinks into beggary or starvation. The worker’s existence is thus brought under the same condition as the existence of every other commodity. The worker has become a commodity, and it is a bit of luck for him if he can find a buyer. And the demand on which the life of the worker depends, depends on the whim of the rich and the capitalists. Should supply exceed demand, then one of the constituent parts of the price – profit, rent or wages – is paid below its rate, [a part of these] factors is therefore withdrawn from this application, and thus the market price gravitates [towards the] natural price as the centre-point. But (1) where there is considerable division of labour it is most difficult for the worker to direct his labour into other channels; (2) because of his subordinate relation to the capitalist, he is the first to suffer.

Thus in the gravitation of market price to natural price it is the worker who loses most of all and necessarily. And it is just the capacity of the capitalist to direct his capital into another channel which either renders the worker, who is restricted to some particular branch of labour, destitute, or forces him to submit to every demand of this capitalist.”

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