Search results
Results from the WOW.Com Content Network
The iron law of wages is a proposed law of economics that asserts that real wages always tend, in the long run, toward the minimum wage necessary to sustain the life of the worker. The theory was first named by Ferdinand Lassalle in the mid-nineteenth century. Karl Marx and Friedrich Engels attribute the doctrine to Lassalle (notably in Marx's ...
Iron law of wages, Lassallism. Signature. Ferdinand Lassalle (11 April 1825 – 31 August 1864) was a Prussian - German jurist, philosopher, socialist and politician who is best remembered as the initiator of the social-democratic movement in Germany. "Lassalle was the first man in Germany, the first in Europe, who succeeded in organising a ...
As he wrote with Friedrich Engels in the Communist Manifesto (1848), "the average price of wage-labour is the minimum wage. i.e. that quantum of the means of subsistence, which is absolutely requisite to keep the labourer in bare existence as a labourer." [2] This was the "Iron law of wages" coined by the socialist Ferdinand Lassalle.
The Poor Law Amendment Act 1834 ( PLAA) known widely as the New Poor Law, was an Act of the Parliament of the United Kingdom passed by the Whig government of Earl Grey denying the right of the poor to subsistence. It completely replaced earlier legislation based on the Poor Relief Act 1601 and attempted to fundamentally change the poverty ...
Status: Repealed. The Statute of Labourers was a law created by the English Parliament under King Edward III in 1351 in response to a labour shortage, which aimed at regulating the labour force by prohibiting requesting or offering a wage higher than pre-Plague standards and limiting movement in search of better conditions. [ 1]
Hoffman's iron law, regarding speaker system design; Iron Law, a 1984 painting by Odd Nerdrum; Iron law of population, from Thomas Malthus' An Essay on the Principle of Population (1798) Iron law of wages, from Ferdinand Lassalle's Subsistence theory of wages (mid 19th century) Iron law of oligarchy, from Michels' Political Parties
He rejected Ferdinand Lassalle's iron law of wages, which he regarded as mere phraseology. [53] He also rejected Pierre-Joseph Proudhon's attempts to do what Hegel did for religion, law, and so on for political economy, as well as regarding what is social as subjective, and what was societal as merely subjective abstractions. [54] [39]
Yes, you should probably contact the Department of Labor or an employment lawyer in your state because it sounds like your employer is blatantly violating the Fair Labor Standards Act. If you work ...