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 rel...
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