conceptual-perception

Recently, the Ontario Liberal government raised the minimum wage for workers to 14 dollars, with a further increase set for next year to 15 dollars. The idea was that the increase in the minimum wage would alleviate the financial stress of the majority of the workforce and enable the workforce to pay-off debt and ease its financial burden of subsisting within contemporary bourgeois society. The raise was brought into effect January 1st, 2018.

According to Friedrich Engels, Anti-Duhring, “the only value known in economics is the value of commodities”.1 Commodities are products produced, not for individual consumption by their producers, but products produced for general public consumption.

According to Karl Marx, the basic datum-bit of the capitalist mode of production and/or capitalist society in general, is the commodity, in the sense that “the individual commodity appears as its elementary form”.1   And due to this nucleus of the capitalist mode of production, Marx begins his analysis of Capital (Volume One) by specifically analyzing the commodity in its most elementary form as “an object with a dual character, possessing both u