[OPE-L:1989] Re: Transforming the Trnsformation (Paul C.)

Chai-on Lee (conlee@chonnam.chonnam.ac.kr)
Fri, 26 Apr 1996 22:48:14 -0700

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Paul said:
This is a point originally brought out by Farjoun and Machover.
They observed that if you plot the profit/wage bill ratio of
a large sample of industries one in practice observes a relatively
narrow distribution, at least as narrow as the dispersion of rates
of profit.
There is thus pria-facie evidence of a tendency for the rate of
surplus value to equalise between industries.
They hypothesise that this is because it is easier for unions to
win wage increases in industries with a high profit/wage ratio
than in low profit/wage ratio industries. This tends to compress
the dispersion of rates of surplus value.
Paul Cockshott

Paul, do you mean that, empirically, the equalization of exploitation rates
is more tendencially powerfull than the equalization of profit rates?

With wonder