Economics

 

1) What is Marx’s concept of the ‘Reserve Army of Labor’?

(2) What are the components of the ‘Reserve Army of Labor’ and implications for wages according to Marx?

(3) What are the societal implications of the ‘Reserve Army of Labor’? What about exploitation?

(4) Is there a connection between the ‘Reserve Army of Labor’ and Migration? What does immigration mean for a society regarding

(minimum) wages, rate of profit, exploitation and economic output?

 

 

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