Wage Labour

Wage labour (or wage labor) is the socioeconomic relationship between a worker and an employer, where the worker sells their labour under a formal or informal employment contract. These transactions usually occur in a labour market where wages are market determined. 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 usually vested 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.

In modern mixed economies such as those of the OECD countries, it is currently the dominant form of work arrangement. Although most work occurs following 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, semi-skilled or manual labour.

Read more about Wage Labour:  Types, Criticisms

Other articles related to "labour, wage, wage labour, wages":

Lionel Jospin - Biography - Prime Minister
5.) Direct levels of assistance to groups with special problems on the labour market (including low-skilled persons, older unemployed persons, young people, and the long ... benefits during Jospin’s time in office, together with increases in the minimum wage ... similar to tax credits in the UK and US, providing a state subsidy to low-wage earners ...
Marxist Feminism - Wage Labour
... Marxist feminists have extended traditional Marxist analysis by looking at domestic labour as well as wage work ...
Anarchism And Anarcho-capitalism - Capitalist Structures - Hierarchy, Class, and Employment
... They also argue that the system of wage labour, a staple characteristic of capitalism, is authoritarian and coercive in nature, and oppose class distinction between labourers and employers ... object to private ownership of the means of production, nor universally reject wage labour as illegitimate hierarchy ... Nineteenth century individualist anarchist Stephen Pearl Andrews said, "The 'Wages System' is essentially proper and right ...
Wage Labour - Criticisms
... Wage-labour societies emerged from removing the alternative means of self-sustainment used previously by peasants ... by economic necessity to no feasible alternative than that of wage labour, exploitation occurs thus the claim that wage labor is "voluntary" on the part of the labourer is considered a red herring as the ... Wage labour is often criticized as "wage slavery" by socialists and most anarchists ...

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