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Economists generally assume that wage differentials among similar workers will only endure when competition in the capital and/or labour market is restricted. However, using a classical Marxist analysis of real capitalist competition, Botwinick shows that substantial patterns of wage disparity can persist despite high levels of competition. Going against mainstream proponents of labour-management cooperation, the author calls for militant union organization that can once again take wages and working conditions out of capitalist competition.
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