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Some Effects of Worker Participation and the Distribution of Income

In: The Economics of Co-Determination

Author

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  • C. J. Hawkins

Abstract

Professor Pearce asserts that, provided money and prices continue to exist, then the implied ‘natural’ income distribution will be the same whether capitalists or workers run the system. Capitalism, he argues, does not exploit labour; quite the contrary, in fact, since in his model capitalism is shown to maximise wages. No amount of socialism, Marxism or workers’ participation could increase wages since these are already and always will be under capitalism, at a maximum. In short, worker control is shown to yield exactly the same income distribution as control by capitalists.

Suggested Citation

  • C. J. Hawkins, 1977. "Some Effects of Worker Participation and the Distribution of Income," Palgrave Macmillan Books, in: David F. Heathfield (ed.), The Economics of Co-Determination, chapter 3, pages 36-45, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-03117-7_3
    DOI: 10.1007/978-1-349-03117-7_3
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