Understanding Marx's Capital Volume 1 Chapter 21 - Piece Wages

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Karl Marx's Capital Volume 1
Part 6 - Wages
Chapter 21 - Piece Wages

This video is a look at Chapter 21 of Marx's Capital, Piece Wages. Marx examines the wage form in it's form of Piece Wages and how it's really just a modified variation of Time Wages. He also analyses piece wage's effectiviteness at self-perpetuating productivity increases, and how the labourers come to exploit and alienate themselves.

0:00 - Piece Wages
0:40 - What are Piece Wages?
01:31 - How they are calculated
03:50 - Productivity
05:52 - Self Exploitation and Alienation
06:53 - Factory Reports of Piece Wages





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thank you very much for simplifying this chapter for me

manthetephalo
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This series is fantastic. It really helps ease the frustration that I often feel reading Capital. I feel like David Harvey in his companion book skipped over these recent chapters too quickly, so your videos are amazingly helpful! You also sound Northern? Solidarity from Lancashire :)

jackm