The Theory of Wages¶
Hicks, J. R. (1932). The Theory of Wages.
Cited by¶
1 citation across 1 artifact.
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Primes¶
- Bargaining Power
- Labor and employment. Wage and condition outcomes track the tightness of the external hiring market, the depth of the strike fund, the employer's cost per idle day, and the availability of replacement workers far more closely than they track the stated positions of either side.
This sourceModels the wage settlement as the intersection of an employer concession curve and a union resistance curve, both functions of the expected cost of a work stoppage, so terms track each side's cost of disagreement rather than the positions either side states.
- Labor and employment. Wage and condition outcomes track the tightness of the external hiring market, the depth of the strike fund, the employer's cost per idle day, and the availability of replacement workers far more closely than they track the stated positions of either side.
Verification¶
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Registry ID ref:b2c2d73d1d21 · see in the full table