some current thoughts on wages

SOME CURRENT THOUGHTS ON WAGES

“Equal Pay for Equal Work.”

“persons who work with substantially equal qualification, skill, effort and responsibility, under similar conditions, should be paid similar salaries,”

Gender Pay Gap

Equal Pay Act

June 10, 1963 by the 88th CongressIntroduced in the 79th Congress of the United States in 1945This act covers both private and public employees in United States subject to the provisions of the Fair Labor Standards Act.

a. Equal Skill

b. Equal Effort

c. Equal Responsibility

Equal skill-Includes such factors as experience,

training, education, and ability.

Equal effort

-Refers to the measurement of the physical

or mental exertion needed for the performance of a job.

Equal responsibility

-Deals with the extent to which an employer depends on the employee to perform the job as

expected, with emphasis on the importance of the job obligation.

Similar Working Conditions

Holds the assumption that employees performing jobs in an establishment that require equal skill, effort and

responsibility under similar working conditions.

•The fact that jobs are in different departments of a company do not in any way establish dissimilarities of working conditions.

•It must be noted that an employer may not reduce the wage of an employee.

•It is illegal for a labor organization or as agents or representatives to cause or attempt to cause an employer to pay lower wages

to an employee on account of sex.

Fair Day’s Work

“fair day’s pay for fair day’s work.”

STANDARD OF LIVING

THEORY OF WAGES

“LIVING WAGE”

It is a term used to define a “fair and decent” level of income that would enable workers to meet their “basic needs.”

“STANDARD OF LIVING”

An ideal toward which individual strive

“PLANE OF LIVING”

It describe the actual conditions

The National Tripartite Conference on Wage,

Income and Employment Policies