The analysis of the wage relationship based on the Marxist critique of political economy

The exchange between capital and labor, through the form of the employment relationship, is perceived as the result of two transformations: the conversion of money into capital and the conversion of the value of labor power into wage labor. While in classical political economy the wage relationship was portrayed as a relationship of equality and freedom, in the Marxist critique of political economy the wage relationship appears as a relationship of dependence and wage slavery. As an inverted form, which derives from the separate productive relations of exploitation of the capitalist mode of production.