Focus on Technology Change Versus Productivity of Skilled and Unskilled Workers Through 'Organizational Revolution' - Financial Management Appraisal of Labour Command Theory of Wage Differentials

Industrial Revolution (marked by turning invention to innovation leading to mass production through division of labour with labour mix in the proportion - one engineer - five technicians - 50 craftsmen - and laying emphasis on non-high-academically qualified manpower like technicians and craftsmen) led to differential wage payments. On a constrasting basis, quot;Organization Revolutionquot; (marked by high level technological sophistication and requiring high-academically qualified technical manpower with labour mix: 50 engineers - 10 technicians - 5 craftsmen) has led to widening wage differentials.Developed countries like the U.S.A., by taking advantage of low cost-cum-hi-tech manpower availability in the developing countries, have ventured into employing them on dismally low ages. Paradoxically, engineers from advanced developing countries are employed in the less advanced developing countries on differential wages based on nationality, race, religion, etc. considerations reducing their salary status to a technician level. Thanks to the high exchange value for the currencies of the oil rich countries which provide the incentive. The author after thorough research has come out with the unique Labour Command Theory of Wage Differentials