Actually it's only by increasing wages that capitalists are forced to innovate with new plant and equipment, which is fundamental to Marx's theory of the tendency of the rate of profit to fall. When competition for labour was opened up to the Third World, it was often cheaper to employ labour intensive machinery instead of more expensive labour saving machinery. So again that is direct confirmation of Marx's theory, that the tendency of the rate of profit to fall, was offset by employing lower paid Third World labour on cheaper and more labour intensive machinery.
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