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Review of Costas Lapavitsas: Profiting without producing, Verso 2013 Capitalist exploitation is not just by the boss extracting from the worker, in return for a meagre more-or-less “living wage”, an expansible value-added which may be something like three times what’s paid out in wages. It also comes from making working-class households pay interest on debts which they run up, often on disadvantageous terms, because of their relative poverty and relative lack of power in the markets.

Dollars and Sense magazine and textbooks provide analysis and opinion on economic policy and politics from a progressive political perspective

We absolutely cannot return to the neoliberal solution of suppressing workers' wages to keep inflation low.

Raising the minimum wage creates winners and losers. Those workers who receive higher pay benefit. But the money for that higher pay comes from somewhere. Advocates for a minimum wage hike usually argue that “somewhere” means profits. They present starting-wage increases as a way to redistribute wealth from business owners to low-wage workers.

A leading environmental lawmaker has proposed a bill that would create a state fund to support and retrain thousands of oil industry workers as California tries to phase out fossil fuel production.