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"A fair day's pay for a fair day's work" vs "Abolition of the Wages System", One Big Union, May 1919. A fair day's wage for a fair day's work is an objective of the labor movement, trade unions and other workers' groups, to increase pay, and adopt reasonable hours of work. It is a motto of the American Federation of Labor.
In modern mixed economies such as those of the OECD countries, it is the most common form of work arrangement. Although most labour is organised as per 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 ...
Following the Second World War, trade unions and the legislatures of industrialized countries gradually embraced the principle of equal pay for equal work; one example of this process is the UK's introduction of the Equal Pay Act 1970 in response both to the Treaty of Rome and the Ford sewing machinists strike of 1968. In recent years European ...
Flexible work - Includes working from home (WFH), flexible start and finish times, and reduced hours of work [15] (e.g. the 4 day week [17]). Reciprocity theory is an important theory underpinning benefits, as it builds a social norm whereby an employer provides a 'positive' benefit, which is warmly received. [ 16 ]
To each according to his contribution" is a principle of distribution considered to be one of the defining features of socialism. It refers to an arrangement whereby individual compensation is representative of one's contribution to the social product (total output of the economy) in terms of effort, labor and productivity. [1]
The willingness to accept lower pay in order to keep one's job held true across gender, education levels, and experience—with one exception: Black employees were roughly 12% more likely to ...
[1] [2] One can also speak of the compensating differential for an especially desirable job, or one that provides special benefits, but in this case the differential would be negative: that is, a given worker would be willing to accept a lower wage for an especially desirable job, relative to other jobs.
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