exchange for the minimum subsistence wage. Unlimited labor supply is the critical factor for the wage to be at the minimum …

subsistence (or natural) wage rate: subsistence wage will be shown to stem, according to Marx, from socially determined conditions …

only at high wages (as is relatively established) but also below a ‘subsistence wage’. This theory has been developed and …, finding the ‘subsistence wage’ to be $6.60/hr ($8.39 in 2008 dollars) using 2000 Census data. This is not only inherently …

capita). ILO (1996) defines subsistence wage as the hourly wage sufficient to buy one kilogram of the lowest-priced staple … cannot buy 1 kilogram of rice. Thus, casual laborers in Shillong earn only a subsistence wage. Rice and house rent are the …