subsistence wage


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Related to subsistence wage: living wage

subsistence wage

n
(Economics) the lowest wage upon which a worker and his or her family can survive
Translations

subsistence wage

nsalario appena sufficiente per vivere
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References in periodicals archive ?
This recognition that the bottom of the labor market, absent offsetting legislation or collective bargaining, would be pushed down toward a subsistence wage has a long pedigree.
If the phrase means anything in literal terms, it would have to mean a subsistence wage.
If I pay a subsistence wage when I could pay a living wage, for example, I may not be adequately respecting the human rights of my employees, even though they might not have had even a subsistence wage without my presence.
Smith was aware of market failures, and the impact these would have on the subsistence wage.
The key then is to live within your means, if you have at least a subsistence wage.
Land-workers, the majority illiterate and unsophisticated, fed on media and myths, continue to migrate to the metropolis in search of a subsistence wage, education and the consumerism promised by advertising.
93) took the natural wage to be simply the subsistence wage, s.
Each worker is paid a fixed subsistence wage s consisting of wheat and measured by the slope of OC, or s = CD/OD.
In contrast, the Keynesian/structuralist supply curve of labour is horizontal say at the subsistence wage level ([w.
Those who fail to pay salaries, who delay them systematically and allow them to stay below the subsistence wage are to be censured by society.
Assuming that this is a subsistence wage, all the landowner is doing is providing a day's life to those hired later in the day.
The shifted demand curve intersects the horizontal labor supply curve, the height of which is fixed by the Malthusian minimum subsistence wage rate, at new equilibrium B.