We propose that the concept of cognitive dissonance contributes to the explanation of the regularity that wages grow faster than productivity. Cognitive dissonance is the tendency of a person to engage in self-justification after a decision. We show that a consequence of this tendency is that...

It is widely believed that, during the neoliberal era, labor has become weaker and capital has become stronger. This chapter argues the opposite is true. Only if class struggle is reduced to the economic struggle to improve our position within capitalism – as opposed to the political struggle...