Low Wage Capitalism  
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  Low-Wage Capitalism describes in sweeping detail the drastic effect on the working class in the United States of new technology and the restructuring of global capitalism in the post-Soviet era. It uses Karl Marx's law of wages and other findings to show that these developments are not only continuing to drive down wages but are creating the material basis for future social upheaval.

The analysis rests on three basic developments in the last three decades:

  • The world's workforce available to exploitation by transnational capitalist corporations doubled in the wake of the collapse of the USSR and Eastern Europe.
  • The technological revolutions of the digital age, in both production and communications, have allowed transnational corporations to destroy high-wage jobs and simultaneously expand the global workforce to generate a worldwide wage competition.
  • The decline in the economic condition of the workers, driven by the laws of capitalism and the capitalist class, is leading to the end of working-class compromise and retreat and must end up in a profound revival of the struggle against capitalism.
If you have any questions/comments or would like to schedule a speaking engagement contact Fred via email at fgoldstein@lowwagecapitalism.com

What others are saying:
 

"With the capitalist system demonstrably unfair, irrational, and prone to intermittent crises, it is useful, indeed refreshing, to see a Marxist analysis of globalization and its effects on working people. Fred Goldstein's LOW-WAGE CAPITALISM does exactly that ."

- Howard Zinn


"Only by understanding capitalism and monopoly capitalism
can we understand the root causes of global poverty and migration."

- Berna Ellorin,
Secretary-General, BAYAN USA


"Low-Wage Capitalism is truly outstanding, starting with the first sentence in Chap. 1. Hits us like a body punch, and provides the perfect context for what we all need to know about the evolving conditions of workers and their struggles. I know of no book in this area that covers so much, so clearly and - when it comes to what is to be done - so convincingly. Deserves the widest readership.

- Bertell Ollman,
professor of politics at NYU

"Low wage capitalism by Fred Goldstein is a most timely and important work, as the working class prepares for a ¨fightback¨ during the greatest crisis of capitalism since the great depression."

- Clarence Thomas,
ILWU Local 10 and co chair of the Million Worker March Movement


"Lucid, deeply accurate and informative, as relevant and useful as a book can be, Goldstein offers a compelling analysis of the exploitative world of global corporate capitalism."

- Michael Parenti,
author of Contrary Notions


“Patriarchal prejudice serves capitalism in two ways: it keeps the whole working class divided, and it holds down wages for women and for lesbian, gay, bisexual, and transgendered workers. Low-Wage Capitalism shows the necessity and the great potential for solidarity among all the low-wage workers of the world.”

- Martha Grevatt,
Nat’l Executive Officer Pride At Work, AFL-CIO, UAW Local 122

Click to view inside the book

September, 2009
$19.95 paperback, 338 pages
ISBN 978-0895671516

Buy Low-Wage Capitalism:


Upcoming Speaking Engagements:

US Social Forum
June 22-26, 2010 - Detroit, MI
"Capitalism is killing us. Fight for SOCIALISM!"
Wed., June 23 - 1-5:00pm
Cobo Hall: O2-44


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  Low Wage Capitalism