Wage labour (also wage labor in American English), usually referred to as paid work, paid employment, or paid labour, refers to the socioeconomic relationship between a worker and an employer in which the worker sells their labour power under a formal or informal employment contract.[1] These transactions usually occur in a labour market where wages or salaries are market-determined.[2]
In exchange for the money paid as wages (usual for short-term work-contracts) or salaries (in permanent employment contracts), the work product generally becomes the undifferentiated property of the employer. A wage labourer is a person whose primary means of income is from the selling of their labour in this way.[not verified in body]
^Steinfeld 2009, p. 3: "All labor contracts were/are designed legally to bind a worker in one way or another to fulfill the labor obligations the worker has undertaken. That is one of the principal purposes of labor contracts."
Wagelabour (also wage labor in American English), usually referred to as paid work, paid employment, or paid labour, refers to the socioeconomic relationship...
Since wagelabour is the predominant form of work, the term "wage" sometimes refers to all forms (or all monetary forms) of employee compensation. Wage labour...
Labour economics, or labor economics, seeks to understand the functioning and dynamics of the markets for wagelabour. Labour is a commodity that is supplied...
"WageLabour and Capital" (German: Lohnarbeit und Kapital) was an 1847 lecture by the critic of political economy and philosopher Karl Marx, first published...
flagship policy of the Labour Party in the UK during their successful 1997 general election campaign. The national minimum wage (NMW) took effect on 1...
free labour. This comes from Marx's labour theory of value which means that, for any commodity, the price (or wage) of labor power is determined by its...
Canada, the responsibility for enacting and enforcing labour laws, including the minimum wage, rests primarily with the ten Provinces of Canada. The...
economic theories, the labour supply is the total hours (adjusted for intensity of effort) that workers wish to work at a given real wage rate. It is frequently...
towards the minimum wage. Regional minimum hourly wages are set by the Minister of Labour or the Chief of the Prefectural Labour Standards Office. Recommendations...
Rights Labour inspectorate Labour market flexibility Labour movement Legal working age Living wage Labor market Labor rights Maximum wage Minimum wage Occupational...
Wage slavery is a term used to criticize exploitation of labor by business, by keeping wages low or stagnant in order to maximize profits. The situation...
Wilkinson 2005. Marx 1990, p. 1005, defines wagelabour succinctly as "the labour of the worker who sells his own labour-power." Ragan, Christopher T.S.; Lipsey...
owns his own labour power. Various gradations of freedom and unfreedom are possible, and free wagelabour can combine with slave labour or semi-slavery...
work Manual labour, physical work Wagelabour, a socioeconomic relationship between a worker and an employer Organized labour and the labour movement, consisting...
little as 10–20% of an adult male's wage.[better source needed] Karl Marx was an outspoken opponent of child labour, saying British industries "could but...
Forced Labour Sexual slavery Shanghaiing Sweatshop Trafficking in human beings Trafficking of children Wage slavery Workfare Workhouse forced labour under...
Service – Labour – Employment – Announcements – Latest Figures: Average Monthly Earnings of Employees by Quarter" (PDF). Mof.gov.cy. "Net wage calculator"...
cause and effect Labour (disambiguation) Refusal of work Wagelabour, the socioeconomic relationship between a worker and an employer Wage slavery Work ethic...
textbook monopsony model of a labour market is a static partial equilibrium model with just one employer who pays the same wage to all the workers. The employer...
average wage List of countries by median wage List of countries by labour productivity List of countries by wealth per adult List of minimum wage laws List...
decrease in the labour supply and so less labour-time being offered for sale. The "labour-leisure" tradeoff is the tradeoff faced by wage-earning human...
displaying short descriptions of redirect targets Labour economics – Study of the markets for wagelabourLabour law – Laws that mediate the relationship between...
A minimum wage is the lowest remuneration that employers can legally pay their employees—the price floor below which employees may not sell their labor...
jobs. Members of the working class rely exclusively upon earnings from wagelabour; thus, according to more inclusive definitions, the category can include...
sell their own labour power (See also: wagelabour). This is the fundamental economic structure of work and property (See also: wagelabour), a state of...
originating from the two-fold character of labour and so the class struggle between labour and capital, the wage labourer and the owner of the means of production...
together to demand better wage rates and conditions, and these ad hoc groupings can be considered the forerunners of the modern labour movement. These formations...
Global Information
