Economists generally assume that wage differentials among similar workers will only endure when competition in the capital and/or labor market is restricted. However, using a classical Marxist anaysis of real capitalist competition, Botwinick shows that substantial patterns of wage disparity can persist despite high levels of competition. Indeed, the author provocatively argues that competition and technical change often militate against wage equalization. In addition to providing the basis for a more unified analysis of race and gender inequality within labor markets, Botwinick’s work has important implications for contemporary union strategies. Going against mainstream proponents of labor-management cooperation, the author calls for militant union organization that can once again take wages and working conditions out of capitalist competition.
This revised edition was originally published under the same title in 1993 by Princeton UniversityPress.