Persistent Inequalities: Wage Disparity under Capitalist Competition

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.