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Wage Determination in the Market

In: Wage Policy Issues in Economic Development

Author

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  • Anthony D. Smith

    (International Institute for Labour Studies)

Abstract

Mr Cox pointed out that, while up to this point the discussions had been concerned with a search for rational criteria for determining wages, attention must now be paid to the question of how wages are actually determined, who influences these decisions and through what process. Consideration must now be given not so much to the question of who ought to determine wages but rather by what system of pressures are wages, in fact, determined.

Suggested Citation

  • Anthony D. Smith, 1969. "Wage Determination in the Market," Palgrave Macmillan Books, in: Anthony D. Smith (ed.), Wage Policy Issues in Economic Development, chapter 0, pages 116-129, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-00105-7_10
    DOI: 10.1007/978-1-349-00105-7_10
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