Sentence examples for surplus of labour from inspiring English sources

A surplus of labour keeps wages down, yet consumption grows because prices fall.

There was a vast and increasing surplus of labour in the Russian villages.

This was especially true of central Russia, where the surplus of labour kept wages down to the minimum.

Much of Das Kapital spells out Marx's concept of the "surplus value" of labour and its consequences for capitalism.

Under the socialism favoured by Marx, the surplus product of labour, previously appropriated by the capitalists, would be returned to its rightful owners, the workers, thereby eliminating the cause of poverty.

Such a transformation placed new emphasis on the maximisation of the surplus value of labour from normalised bodies utilising accounting technologies.

That has created a large surplus of urban labour well connected enough to know about the possibilities of life in the west and with a miserable enough life to want to get there.

It seems then that America has a surplus of low-wage labour.

And it appears, based on the absence of accelerating inflation and especially wage inflation that this hiring has merely drawn workers out of a substantial pool of surplus labour.

That translates into a relative reduction in real wages which is likely to encourage firms to draw more of the existing stock of surplus labour into employment.But let's take a step back.

Cooperating could, after all, depress wages of union members, and availability of surplus labour might weaken trade unions' bargaining power.