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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 … - Friedrich Engels
" "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.
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About Friedrich Engels
(November 28, 1820 – August 5, 1895) was a 19th-century German philosopher, social scientist, and journalist. He created Marxist theory together with Karl Marx. In 1845, he published The Condition of the Working Class in England, based on personal observations and research in . In 1848, he co-authored The Communist Manifesto with Marx, and he also authored and co-authored (primarily with Marx) many other works. He later supported Marx financially to do research and write . After Marx's death, Engels edited the second and third volumes. Additionally, Engels organised Marx's notes on the , which he later published as the "fourth volume" of Capital.
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Frederick Engels
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Additional quotes by Friedrich Engels
How did this division of the nations come about, what was its basis? The division is in accordance with all the previous history of the in question. It is the beginning of the decision on the life or death of all these nations, large and small. All the earlier up to the present day is proof of this and 1848 confirmed it. Among all the large and small nations of Austria, only three standard-bearers of progress took an active part in history, and still retain their vitality — the Germans, the Poles and the Magyars. Hence they are now revolutionary. All the other large and small nationalities and peoples are destined to perish before long in the revolutionary world storm. (Weltsturm). For that reason they are now counter-revolutionary.
Everywhere the proletariat develops in step with the bourgeoisie. In proportion, as the bourgeoisie grows in wealth, the proletariat grows in numbers. For, since the proletarians can be employed only by capital, and since capital extends only through employing labor, it follows that the growth of the proletariat proceeds at precisely the same pace as the growth of capital. Simultaneously, this process draws members of the bourgeoisie and proletarians together into the great cities where industry can be carried on most profitably, and by thus throwing great masses in one spot it gives to the proletarians a consciousness of their own strength. Moreover, the further this process advances, the more new labor-saving machines are invented, the greater is the pressure exercised by big industry on wages, which, as we have seen, sink to their minimum and therewith render the condition of the proletariat increasingly unbearable. The growing dissatisfaction of the proletariat thus joins with its rising power to prepare a proletarian social revolution.
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The anarchists put the thing upside down. They declare that the proletarian revolution must begin by doing away with the of the state. But after its victory the sole organisation which the proletariat finds already in existence is precisely the state. This state may require very considerable alterations before it can fulfil its new functions. But to destroy it at such a moment would be to destroy the only organism by means of which the victorious proletariat can assert its newly-conquered power, hold down its capitalist adversaries and carry out that economic revolution of society without which the whole victory must end in a new defeat and in a mass slaughter of the workers similar to those after the .
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