Commodification of labor creates social inequality from "summary" of The Great Transformation by Karl Polanyi
In analyzing the effects of commodification of labor on society, it becomes evident that this process leads to the creation of social inequality. When labor is treated as a commodity and subjected to market forces, individuals are compelled to sell their labor power in order to survive. This results in a stark division between those who own the means of production and those who must sell their labor in order to access resources. As labor is commodified, workers are forced to compete with one another for jobs, driving down wages and exacerbating inequalities. This competition is fueled by the relentless pursuit of profit by employers, who seek to extract as much labor as possible for the lowest possible cost. In this way, the commodification of labor serves to widen the gap between the wealthy elite and the working class. Furthermore, the commodification of labor undermines social bonds and community ties, as individuals are increasingly viewed as mere factors of production rather than as fellow human beings. This dehumanization of laborers perpetuates social inequality by reinforcing the idea that some individuals are inherently more valuable than others based on their economic utility.- The commodification of labor creates a system in which wealth and power are concentrated in the hands of a few, while the majority of individuals are left struggling to make ends meet. This unequal distribution of resources and opportunities perpetuates a cycle of poverty and marginalization, further entrenching social inequality within society.
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