worker
From Anarchopedia
In classical economics and all micro-economics labour is one of three factors of production, the others being land and capital. It is a measure of the work done by human beings. There are macro-economic system theories which have created a concept called human capital (referring to the skills that workers possess, not necessarily their actual work), although there are also counterposing macro-economic system theories that think human capital is a contradiction in terms.
| Articles related to the abor movement |
| child labor |
| labor in economics |
| labor history |
| labor law |
| labor rights |
| labor union |
| strike |
| Edit this template |
[edit] Compensation and Measurement
The price of labour is called a wage, and the price of labour per period of time is referred to as the wage rate. The two terms are sometimes used interchangeably.
Other frequently used terms include:
- wage = payment per unit of time (typically an hour)
- earnings = payment per over a period (typically a week, a month, or a year)
- total compensation = earnings + benefits
- income = total compensation + unearned income
- economic rent = total compensation - opportunity cost
Economists measure labour in terms of hours worked, total wages, or efficiency.
[edit] Types of labour
[edit] See also
| This article contains content from Wikipedia. Current versions of the GNU FDL article Worker on WP may contain information useful to the improvement of this article | WP |
