Labour Force Exploitation and Unequal Labour Exchange as the Root Cause of the Eurozone's Inequality

Ivan Rubinić, Maks Tajnikar

Abstract


The cornerstone of this research is the development of a model
which investigates the origins of economic inequality as a
derivative of labour force exploitation. The starting point of this
inquiry is the theory of unequal labour exchange. The concept
being empirically analysed is that the phenomenon of unequal
labour exchange between Eurozone countries, arising from
exploitation on a national level, plays a key role in creating
inequality. The findings indicate that the differences between the
capital-labour force ratio and disequilibrium prices enhanced by
various levels of economic efficiencies, explain the differences in
exploitation rates and arising cross-country inequality.

Keywords


economic inequality; labour force exploitation; unequal labour exchange

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Copyright (c) 2019 Ivan Rubinić, Maks Tajnikar

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Print ISSN 1330-0288 | Online ISSN 1848-6096