market wage
Recently Published Documents


TOTAL DOCUMENTS

43
(FIVE YEARS 8)

H-INDEX

8
(FIVE YEARS 1)

2021 ◽  
pp. 58-60
Author(s):  
S A Sampath Kumar ◽  
Sammaiah Buhukya

MGNREGA can have a positive impact on the social and economic well-being of rural labours and their families. In particular, it holds the powerful prospect of bringing major change in the lives of women. The study has explored the impact of MGNREGA on the labour in the agricultural sector of the district of Mahabubnagar in Telangana State. it was conducted using primary and secondary data has found that MGNREGA did have an impact on the agriculture at the time of its introduction and does have a role in the hike in the labour wages in rural areas. The MGNREGA wage acts as a standard minimum wage act keeping the labour market wage high for both male and female. The scheme has been found effective in equal wage act for men and women , empowerment of the poor encompasses three tasks-reduction of poverty, creation of employment and minimizing inequality. This article presents the impact of MGNREGA on the labour supply in the agricultural sector, the extent of the transfer of labour, , from the agriculture to MGNREGA and offers some suggestions


2020 ◽  
pp. 165-190
Author(s):  
Zoe Adams

This chapter explores the legal framework concerning workers’ right to be paid as it developed from the late 1970s. The first section explains the background of the Wages Act 1986 before explaining how the Act has altered the legal regime concerning the worker’s right to be paid. The second section explores reforms to the wages councils system and to the legal regime governing deductions from wages. It also discusses how changes in the way that the concepts of the wage, the salary, and remuneration, came to be conceptualized in the common law in the context of workers’ claims for payment, particularly in cases concerning the worker’s right to be paid during periods of industrial action.


2019 ◽  
Vol 32 (3) ◽  
pp. 137-154
Author(s):  
James W. Hesford ◽  
Nicolas Mangin ◽  
Mina Pizzini

ABSTRACT Efficiency wage theory predicts employers can elicit better employee performance ex post by paying higher fixed compensation ex ante, relative to the market wage. Relative compensation may thereby constitute an alternative control mechanism when performance-based compensation is difficult to implement. Using proprietary data from 436 hotels in a U.S. lodging chain, we find that relative compensation is positively associated with performance, and additional profits associated with higher compensation exceed the wage increase. Relative compensation has a larger impact on profit when tasks are more complex and a smaller impact on profit, revenue, and quality when chain monitoring is stronger. Finally, the magnitude of the relation between relative compensation and financial performance (nonfinancial) is larger (the same) for employees earning more than the median wage compared with those earning less. Overall, our results are consistent with assertions that higher relative compensation attracts more capable candidates and mitigates shirking, but provide little support for reciprocity. Data Availability: The confidentiality agreement with the firm that provided data for this study precludes revealing its identity and disseminating data.


Author(s):  
T. Narasimhulu

The study found that Dalit women are facing discrimination in the payment of wages. They are not equally paid to both men and women. Hence, it is suggested that the government should take necessary steps to equal wages to both men and women. The study found that income generation under the MGNREGS was meager. This is due to the low wage rate. Hence, it is suggested that the wage rate should be a hike from Rs.121 to Rs.200 per day as the inflation rate has gone up. Also suggested to link this with market wage rate and make changes accordingly. It is found that most of the Dalit women faced problems in getting employment under the MGNREGS. There are problems at the time of applying for job cards, at the time of issuing job cards, problems in informing about employment, problems in the payment of wages, political involvement, etc. Hence, it is suggested that online facility should be arranged to apply an issue of job cards.


2019 ◽  
Vol 78 (1) ◽  
pp. 42-69
Author(s):  
Zoe Adams

AbstractThis article explores how the legal system has constructed, over time, the concept of the “wage”. Drawing on insights from classical political economy it contrasts a conception of the wage as the cost of social reproduction (a “social wage”), with the neoclassical notion of the wage as the price of a commodity (a “market wage”) that we see embedded in legal and political discourse today. Drawing on historical sources, it explores how these competing ideas of the wage have been reconstructed in juridical language in case law and legislation over time, exploring at the same time the impact of this process on the relationship between minimum wages and tax credits. This analysis is then used to shed light on the conception of the wage embedded in the National Minimum Wage Act 1998, providing a critical re-evaluation of the “National Living Wage” introduced in 2016.


2019 ◽  
Vol 88 ◽  
pp. 66-88 ◽  
Author(s):  
Mark Harvey

Abstract The paper addresses the central issue of the relationship between slavery and industrial capitalism. It does so by re-examining Eric Williams’s classic account and recent debates related to it on the one hand, and on the other, by challenging basic assumptions about capitalism as a closed market-wage labour-capital system. Taking a long-duration approach (from the mid eighteenth century to the end of the nineteenth century) to three key commodities – guns, sugar and cotton – the paper argues that British industrial capitalism drove the expansion of slavery and then other regimes of exploitation in a dynamic and interdependent relationship with the transformation of the metropolitan wage economy. The analysis is based on changing configurations of production-exchange-distribution-consumption for each of these three exemplary commodities. The British industrial revolution is thus characterized by its hybridity and heterogeneity, always combining varied regimes of exploitation: metropolitan wage labour, directly-owned British Caribbean and Mauritian slavery, and US Deep South slavery, each followed by varied transitions to indentured servitude or sharecropping. New and contrasting racialized orders of hierarchy and inequality emerged and were entrenched as a central feature of this epochal change, the legacies of which are only too present today.


2018 ◽  
Vol 11 (2) ◽  
pp. 124-143
Author(s):  
Peter J. Boettke ◽  
Rosolino Candela ◽  
Kaitlyn Woltz

Do markets generate a “just” wage? The answer to this question will depend upon the particular theory of the market that the political economist employs. When comparing actual labor markets with the neoclassical theory of competitive equilibrium as its normative benchmark, Joseph Heath (2018) argues that factor pricing is orthogonal to normative issues such as distributive justice. We argue that Heath’s conclusion, though not invalid, follows from a similar normative benchmark of equilibrium, one that evaluates factor pricing without taking into account the institutional conditions within which factor prices emerge. Though indeed classical political economists and early neoclassical economists failed to deliver an explicit theory of distributive justice, what Heath overlooks is that implicit to their understanding of the market process was an institutional theory of distributive justice.


Sign in / Sign up

Export Citation Format

Share Document