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Wage labour

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Post  msistarted Mon Jan 10, 2011 5:41 am

The term wage labour (or wage labor) connotes a socioeconomic relationship between a worker and an employer, especially one in which the worker sells their labour, contract employment, or salaried so-called "permanent", "direct" or "full-time" service, and carries with it an implication of a labour market with enough actors of each kind for a market determination of wages to arise.[1][2] In exchange for the wages paid, the work product generally becomes the undifferentiated property of the employer, except for special cases such as the vesting of intellectual property patents in the United States where patent rights are always invested in the original personal inventor. A wage labourer is a person whose primary means of income is from the selling of his or her labour in this way.

The term is also used as a substantive to refer to the sold labour power and the production process in which it is applied by an employer in exchange for the wage price.[3]. There are substantial differences in the different arrangements, for example between independent contractors and an employer and that employers full-time employees where the former are essentially interacting like businesses with the latter arrangement being the common referent of the term as discussed in this article.

In modern mixed economies such as that of the United States, it is currently the dominant form of work arrangement. Although most work occurs in some form of this structure, the wage work arrangements of CEOs, professional employees, and professional contract workers are sometimes conflated with class assignments so that "wage labour" is considered to apply only to unskilled or manual labour.

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msistarted

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Post  heroisthai Sat Jan 15, 2011 1:20 pm

The term is also used as a substantive to refer to the sold labour power and the production process in which it is applied by an employer in exchange for the wage price.[3]. There are substantial differences in the different arrangements, for example between independent contractors and an employer and that employers full-time employees where the former are essentially interacting like businesses with the latter arrangement being the common referent of the term as discussed in this article.





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