Wage-Productivity Comparisons

The economic issue of distributing the gains from increased productivity has long been a vital one at almost every level of labor-management relations. Appropriate measures of productivity and of earnings, particularly at company and industry levels, are technical matters on which there is no common agreement, even among disinterested students of labor relations and collective bargaining. The author of this article argues for a broad definition of labor income, calls attention to the effects of structural change on productivity measures, and examines the applicability of several different wage-productivity comparisons to different situations. (Author's abstract courtesy EBSCO.)

Collective bargaining · Courtesy · Earnings · Economic growth · Economics · Efficiency wage · Labor relations · Labour economics · Macroeconomics · Management · Political science · Productivity · Wage · Accounting · Industrial relations · Labor market dynamics and wage inequality · Labor Movements and Unions · Law