Twitteretter

I realise I am about to open a huge hornets nest, but in thinking about the incorporation of women to the workplace in the 50s and 60s, a critical step on the emancipation of women, as many would tell you, I cannot help but thinking also about the impact that this had on the value of labour in its ages old to and fro with capital for the share of the wealth created in the economy. By doubling the supply of labour overnight, it over time halved its value. The result is that a working couple today has, all else being equal, similar relative acquisitive power to a one worker couple in the 60s, whilst corporate profits have exploded since. This is a bad deal for workers and a capitalist dream. Women should, of course, have access to the workplace in fully equal terms, but the way this should work, in the interest of the working class, should have been with one of the couple, it does not matter who, entering the labour force, thus preserving the unit value of labour and the price it command...