LABOUR FORCE EXPLOITATION AND UNEQUAL LABOUR EXCHANGE AS THE ROOT CAUSE OF THE EUROZONE'S INEQUALITY
LABOUR FORCE EXPLOITATION AND UNEQUAL LABOUR EXCHANGE AS THE ROOT CAUSE OF THE EUROZONE'S INEQUALITY

Summary/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.

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