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This differs among employees according to the level of skills, academic, and willingness to carry out duties among other factors. Wage structure could also include the different…
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Download file to see previous pages are different in employment of labor where in some organizations, workers have the freedom to choose what they want to do while in others, duties are assigned to employees.
However, many inequalities that arise from the nature of the employment, as identified by, Adam Smith need to be addressed to create harmony in the work place. These principal counter balances in some employment while in others, it is a gain. The first principal, the wages of labour vary with the hardship, the cleanliness, the honorableness of the employment. Those who carry out heavy duties earn more that those who undertake light duties. Additionally, dirtier work tends to fetch more wages than the clean ones and exposure to unsafe or dangerous environment (Smith and Dickey, 1993). The employees in dishonorable employment may take home more wages than those in the honorable employment because it takes patience and courage to carry out the duties; however, this is not always the case in all employment. This also applies in the profits of stock the bigger the stock the more the profit it earns.
Secondly, the wages of labour vary with the easiness and cheapness, or the difficulty and expense of learning the business. If an employment requires a skilled person who have taken enough time to learn about it and used expensive resources, the level of wages must be high. This is because time consumed in training is great and not just anyone who can perform the duties especially the specialized ones be it technical or technological. Skilled labour fetches more wages and as one upgrade the position is left vacant for another to join and learn as the latter continues with his/her training under the master just like it is in Europe (Smith and Dickey). Easiness and cheapness hardly affect the stock of profit because for any business to do well, a lot of effort must be employed.
Thirdly, the wages of labour in different occupations vary with the constancy or inconstancy of employment. Employment varies ...Download file to see next pagesRead More
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