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Search Results - Wage labour

Type in a word or phrase to search, you can also type in Article ID's separated by commas:

Wage labour is the socioeconomic relationship between a worker and an employer in which the worker sells their labour under a contract (employment), and the employer buys it, often in a labour market.[1][Need quotation on talk to verify]It is the effort that people devote to a task for which they are paid [2] The products of labour become the employer's property. A wage labourer is a person whose primary means of income is to sell labour in this way.

Although there are antecedents in many stages of historical development wage labour is primarily associated with capitalism.

The phrase is also sometimes used to mean the labour done for an employer in exchange for a wage.

The most common form of wage labour currently is a contract in which a free worker sells his labour for a predetermined time (e.g. a few months or a year), in return for a money-wage or salary.[citation needed] However, wage labour takes many other forms, and many different kinds of contracts and forms of remuneration are possible. Economic history shows a great variety of ways in which labour is traded and exchanged. The differences show up in the form of

Showing 1 to 2 of 2 Articles matching 'Wage labour' in related articles.
Pages: 1

1. Negative Gearing Property
June 19, 2009

Negative gearing was introduced by the governments of Australia and New Zealand in the early 1980 s. This was done to encourage people who are wage earners to purchase property as a form of investment. The underlying thought was that this would lead to a greater availability of rental property which is necessary for any economy and especially one where the movement of labour is very common. The introduction of negative gearing was also supposed to boost many industries that rely heavily on the construction industry. In simple terms, negative gearing is when you buy an investment (property... (read more)

Author: Bill Cox

2. The "Outsource India" Age Over?
July 19, 2007

As market research firm Gartner, Inc. puts it a labour crisis and wage hikes could disconnect India (quite literally) off, from 45% of its “Outsource India” crowd. Even Indian economic experts are now accepting the fact that India’s BPO industry, its industrial magic lamp for the time being, is encountering a big problem. India’s recent upsurge in BPO growth could be thwarted by these “challenges” as Kiran Karnick of NASSCOM (National Association of Software and Services Companies) put across while speaking in an interview with CNN/Money. But Gartner, Inc.’s research goes further; it caut... (read more)

Author: sashi sarda

Pages: 1


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