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- The Marxist approach to industrial relations is based on the theory of capitalist society and social change12. Marxists argue that industrial relations is a relation of clashes of class interest between capital and labour132. The employer (capitalist) tries to maximize profit by paying workers as little as possible while striving for a monopoly in his industry to control prices3. Marxists emphasize the asymmetry of power between the employer and employee2.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.This view of industrial relations is a by product of a theory of capitalist society and social change. Marxists argue that industrial relation is a relation of clashes of class interest between capital and labour. Employer (capital) tries to maximize profit by holding surplus value and underpaying workers remuneration.www.arghaa.com/news/marxist-perspective-of-indu…Industrial and employee relations can only be understood as part of a broader analysis of (capitalist) society. In contrast to any implicit or explicit assumptions about a balance of power in the industry, Marxists emphasize the asymmetry of power between the employer and employee.www.mbaknol.com/human-resource-management/…The Marxist view of industrial relations is of a clash between the employer (capitalist) and the worker. The employer tries to maximize profit by paying workers as little as he can while striving for a monopoly in his industry to control prices.www.theclassroom.com/what-are-the-different-theo…
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