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This study is an investigation into the real wage rates of casual labourers in Shillong, the capital city of Meghalaya. First, trends in nominal wages during 1997-2000 have been studied. Then the consumption expenditure of casual labourers on wage goods is analysed and finally, changes in prices...
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The aim of this paper is to clarify some aspects of Marx's analysis of the determinants of wages and of the peculiarities of labour as a commodity, concentrating upon three related issues. The first is that of Marx's notion of the subsistence (or natural) wage rate: subsistence wage will be...
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This article focuses on Adam Smith's attitude toward wages as the natural price of labor. It argues that his subsistence wage had similarities with the medieval Schoolmen's notion of the just wage as being established through markets. He further agreed with them that the market wage had to be...
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This paper examines empirically how industry-level wage floors are set in French industry-level wage agreements and how the national minimum wage (NMW) interacts with industry-level wage bargaining. For this, the authors use a unique dataset containing about 50,000 occupation-specific wage...
Persistent link: https://www.econbiz.de/10011571906