wage-fund doctrine
wage-fund doctrine · wage-fund doctrines
The theory that there is at any given time in a country a determinate amount of…The theory that there is at any given time in a country a determinate amount of capital available for the payment of labour, therefore the average wage depends on the proportion of this fund to the number of persons who have to share in it.
Meaning
1 sensesThe theory that there is at any given time in a country a determinate amount of capital available for the payment of labour, therefore the average wage depends on the proportion of this fund to the number of persons who have to share in it.
Forms
plural: wage-fund doctrines| Singular | wage-fund doctrine |
|---|---|
| Plural | wage-fund doctrines |
regular
Synonyms
1 synonymswage-fund theory