GGR336 L4 - GGR336 L4 28th January, 2009 Capitalist...

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GGR336 L4 28 th January, 2009 Capitalist industrialization Production pathways model different conceptualization of how the economy functions - specialist (custom/batch) - routinized (bulk/mass) bulk, large quantity using simple technologies, less capital intensive These pathways involved different deployment of basic economic resources ie. Capital, labour, technology, markets, information, etc Mass/flow production (they make goods in much higher cost, lot more difficult to change, inbuilt conservatism) - standardized goods - huge volumes - capital-intensive - fierce competition Capitalist labour market What is the capitalist labour market? The ‘market’ through which labour power is exchanged as a commodity Basic issues - supply and demand - too much supply in the labour market, declining wages, low job security, employers have greater power - who controls work? - changing character - small workplace to large cooperation - workers won’t be able to adapt new machinery How have labour markets been theorized?
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GGR336 L4 - GGR336 L4 28th January, 2009 Capitalist...

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