Wage is adequate when it is produced by an adequate wage system; and a system is adequate when wage authority is entrusted to collective autonomy which, so far in the history of capitalist economies, remains the best wage authority. Thus, wage adequacy derives from a system in which the probability of adequately redistributing the wealth produced through wages is higher. Wage adequacy does not depend on a certain wage threshold predetermined by a governmental authority or expert groups, but on an effective (as far as possible) industrial relations system, the only lever for economic democracy.
The legal institutions of industrial relations on wage setting
Vincenzo Bavaro
2024-01-01
Abstract
Wage is adequate when it is produced by an adequate wage system; and a system is adequate when wage authority is entrusted to collective autonomy which, so far in the history of capitalist economies, remains the best wage authority. Thus, wage adequacy derives from a system in which the probability of adequately redistributing the wealth produced through wages is higher. Wage adequacy does not depend on a certain wage threshold predetermined by a governmental authority or expert groups, but on an effective (as far as possible) industrial relations system, the only lever for economic democracy.File in questo prodotto:
Non ci sono file associati a questo prodotto.
I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
