Capital, Vam and Wages

Abstract

The booklet focuses on manufacturing industries, a “small but key sector”. It looks especially at VAM (Value Added by Manufacture), as an ideological concept and weapon for the workers. It includes the following chapters: Overall trend of economic development; Value added and surplus added; Structural changes in productive capital; Manufacturing product; Gross inputs; Wages and earnings; Rate of surplus value; Overall trends in manufacturing industries. Includes charts looking at productivity indicators, and capital and labour productivity.