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Theories of Wages 3878
Industrial Relations 171 188
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accidents active adequate arbitration bargain theory basic basis benefits Beveridge buyers bycott capital co-operation collective bargaining compulsory concerned costs countries curves demand depression disability economic effects efficiency employed employers ensure equally fact factors full employment Hence higher wages imperfect increase interests Keynes labour disputes Labour Economics labour force labour market labour movement labour problems largely layoff leaders less machinery mainly marginal productivity marginal productivity theory ment minimum wage mobility of labour modern industry national income National Wage Policy number of workers organised labour output parties Perfect Competition perfect market periods persons picketing political position possible programmes proved question relations result right to strike schemes seek serve short-run shorter hours sickness Sir William Beveridge social insurance social security society standard of living tend theory of wages tion trade unions unemployed various wage differentials wage rates wage-levels wage-rate welfare workmen