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Equitable Wage

19 July 2021, Version 1
Working Paper
This content is an early or alternative research output and has not been peer-reviewed by Cambridge University Press at the time of posting.

Abstract

Abstract: Do companies pay employees a fair wage? What is a fair wage? This paper takes you through various theories on wages, on old economics and new economics, and on marginal utilities and growth accounting, all these explained without having to resort to any mathematics. These economic theories form the foundation upon which a mathematical expression for fair wage can be constructed. The paper uses case studies of two great British corporations to illustrate how companies might go about to compensate their stakeholders, especially their employees, equitably.

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Version History

Jul 19, 2021 Version 1

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The content is available under CC BY NC ND 4.0 [opens in a new tab]

DOI

10.33774/coe-2021-dl5hq
D O I: 10.33774/coe-2021-dl5hq [opens in a new tab]

Author’s competing interest statement

The author(s) have declared they have no conflict of interest with regard to this content

Ethics

The author(s) have declared ethics committee/IRB approval is not relevant to this content

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