Archive | Theories of Wages

Top 6 Theories of Wages (With Criticisms)

The following points highlight the top six theories of wages. The theories are: 1. The Subsistence Theory of Wages 2. Standard of Living Theory 3. Wage Fund Theory 4. Residual Claimant Theory 5. Marginal Productivity Theory 6. Discounted Marginal Productivity Theory. Theory # 1. The Subsistence Theory of Wages: The theory was formulated by physiocrats. According to them wages would [...]

By Kirti Shailesh|2016-05-23T06:14:15+05:30May 23, 2016|Theories of Wages|Comments Off

Top 6 Theories of Wages (With Diagram)

The following article highlights the top six theories of wages . Theory # 1. Money Wages and Real Wages: What the labourer earns by working in a factory or office is called wages. The labourers are generally paid a certain sum of money per day or week, etc. The amount of money paid is called the money wages. The worker [...]

By Sanket Suman|2015-10-26T12:50:36+05:30October 17, 2015|Theories of Wages|Comments Off

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