The sticky wage theory hypothesizes that employee pay tends to respond slowly to changes in company performance or to the economy. According to the theory, when unemployment rises, the wages of ...

One of the primary costs of running a business is paying wages or salaries to employees and managers. In a competitive job market, employee wages are dictated by the supply and demand for workers.

Economic theory allows individuals to study the monetary effects of social and government policies. Nations are built upon several economic principles. Minimum wage is a common economic principle ...

By standard economic theory, the strong demand for labor should be pushing up wages. But that isn’t happening. Wage gains of 2.7 percent roughly match inflation. And no one really knows why.

https://doi.org/10.2307/1884735 • https://www.jstor.org/stable/1884735 Labor-purchase theory of wages, 256.--A Crusoe or collective analysis, 257; inapplicable for ...

Efficiency wage theory posits that an employer must pay its workers high enough so that workers are incentivized to be productive and that highly skilled workers do not quit. Efficiency wages may ...

The paper's authors have a few theories for why this is happening. The first is that these lower wages are largely driven by outsourcing. Over the past 30 years, large professional employers ...

A wage-price spiral is the stuff of inflationary nightmares. It refers to a situation when prices gallop higher—perhaps because of a sudden shock or policy missteps, or both—and wages race ...

The Federal Reserve on Wednesday raised interest rates the sixth time this year in its bid to get inflation under control. Economists are still disentangling what factors caused the rise in ...

Does increasing wage pressure encourage automation? Economic theory suggests that it does. Rising wages drive innovation in automation technology as firms seek cost-saving innovations to replace ...

It is past time to rediscover the just wage theory that says if you work and contribute to the betterment of society, you deserve enough to sustain your family; enough to eat; a place to sleep ...