growth of wage level

  • 1wage and salary — ▪ economics Introduction       income derived from human labour. Technically, wages and salaries cover all compensation made to employees for either physical or mental work, but they do not represent the income of the self employed. Labour costs… …

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  • 2Wage slavery — is a term first coined by the Lowell Mill Girls in 1836, [ [http://books.google.com/books?id=YXT kSv1btIC pg=PA87 lpg=PA87 dq=lowell+%22wage+slavery%22 source=web ots=WsT3bkI 0G sig=w7N0JGBskFiUHReS 00amVMNaPY hl=en Artisans Into Workers: Labor… …

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  • 3Wage-fund doctrine — The Wage Fund Doctrine is an expression that comes from early economic theory that seeks to show that the amount of money a worker earns in wages, paid to them from a fixed amount of funds available to employers each year (capital), is determined …

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  • 4Classical theory of growth and stagnation — Classical economics refers to work done by a group of economists in the eighteenth and nineteenth centuries. The theories developed mainly focused on the way market economies functioned. Classical Economics study mainly concentrates on the… …

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  • 5Minimum wage — A minimum wage is the lowest hourly, daily or monthly remuneration that employers may legally pay to workers. Equivalently, it is the lowest wage at which workers may sell their labour. Although minimum wage laws are in effect in a great many… …

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  • 6Minimum wage in Hong Kong — The Legislative Council voted to introduce a minimum wage in Hong Kong in July 2010.[1] The executive branch proposed a minimum wage of HK$28 ( US$3.60) per hour in November 2010, which the Legislative Council voted to accept after much debate in …

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  • 7Price level — A price level is a hypothetical measure of overall prices for some set of goods and services, in a given region during a given interval, normalized relative to some base set. Typically, a price level is approximated with a price index .… …

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  • 8Economic growth — GDP real growth rates, 1990–1998 and 1990–2006, in selected countries …

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  • 9economic growth — Process by which a nation s wealth increases over time. The most widely used measure of economic growth is the real rate of growth in a country s total output of goods and services (gauged by the gross domestic product adjusted for inflation, or… …

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  • 10Maximum wage — A maximum wage, also often called a wage ceiling, is a legal limit on how much income an individual can earn.[1] This is a related economic concept that is complementary to the minimum wage used currently by some states to enforce minimum… …

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