WAGE DIFFERENTIALS

WAGE DIFFERENTIALS Relative Wages  So far we were concerned with general wages. The problem of relative wages is different. Here we’ have to explain the causes of differences in wages in different employments or occupations or grades of employments and also...

Conclusion

Conclusion If a trade union can wrest monopoly profits from a monopolist, it is all right. The proper {unction of a trade union is to stop or prevent exploitation and when it goes beyond. it is bad. “The whole question of labour’s bargaining power in a...

Adverse Effect of Trade Union Action

Adverse Effect of Trade Union Action We may note certain implications of wage determination by trade uniuns. By imposing a high wage. a trade union may prevent undue expansion of an industry when the only attraction to the new firms was the prevalence of a low wage....

Call Trade Union Raise Wage

Call Trade Union Raise Wage For a long time. the economists held the view that thc trade union action in increasing wages was futile and ineffective. The classical economists argued that wages could be raised only at the expense of profits and a fall in profits. by...

TRADE UNION AND WAGE DETERMINATION

TRADE UNION AND WAGE DETERMINATION Establishment of a strong trade union introduces an element of monopoly in the labour market. Now. instead of each worker negotiating with the employer on the question of wages. the trade union bargains on behalf of them all. Here is...

Land for a Particular Use

Land for a Particular Use We have analysed above the total demand and the total supply of land for the community as a whole. Let us now consider it from the point of a particular industry or use. For a particular use or industry, the supply of land cannot be regarded...