Wage labour

wage laborlaborlabourworkwagewage laborerwage-laborwage-labourwork in order to earn a livingcasual labourers
Wage labour (also wage labor in American English) is the socioeconomic relationship between a worker and an employer, where the worker sells their labour power under a formal or informal employment contract.wikipedia
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Wage

wageswage ratelabor costs
These transactions usually occur in a labour market where wages or salaries are market determined.
Payment may be calculated as a fixed amount for each task completed (a task wage or piece rate), or at an hourly or daily rate (wage labour), or based on an easily measured quantity of work done.

Working class

working-classlower classworkers
Although most labour is organised as per this structure, the wage work arrangements of CEOs, professional employees, and professional contract workers are sometimes conflated with class assignments, so that "wage labour" is considered to apply only to unskilled, semi-skilled or manual labour.
Members of the working class rely for their income exclusively upon their earnings from wage labour; thus the category includes almost all of the working population of industrialized economies, as well as those employed in the urban areas (cities, towns, villages) of non-industrialized economies or in the rural workforce.

Capitalism

capitalistcapitalistscapitalistic
Capitalism
Characteristics central to capitalism include private property, capital accumulation, wage labor, voluntary exchange, a price system, and competitive markets.

Market economy

market economiesfree market economymarket
These transactions usually occur in a labour market where wages or salaries are market determined.
McNally argues that market socialism is an oxymoron when socialism is defined as an end to wage-based labor.

Labour economics

laborlabor marketlabour market
These transactions usually occur in a labour market where wages or salaries are market determined.
Labour economics seeks to understand the functioning and dynamics of the markets for wage labour.

Wage slavery

wage-slaverywage slaveswage slave
Wage slavery
Wage slavery is a term used to draw an analogy between slavery and wage labor by focusing on similarities between owning and renting a person.

Piece work

pieceworkpiece ratepiece-rate
Method of payment (remuneration or compensation) – The work done could be paid "in cash" (a money-wage) or "in kind" (through receiving goods and/or services), or in the form of "piece rates" where the wage is directly dependent on how much the worker produces. In some cases, the worker might be paid in the form of credit used to buy goods and services, or in the form of stock options or shares in an enterprise.
The label "sweatshop" now refers more to long hours, poor working conditions and low pay - even if they pay an hourly or daily wage labour instead of a piece rate.

Slavery

slaveslavesslave labor
Civil (legal) status – the worker could for example be a free citizen, an indentured labourer, the subject of forced labour (including some prison or army labour); a worker could be assigned by the political authorities to a task, they could be a semi-slave or a serf bound to the land who is hired out part of the time. So the labour might be performed on a more or less voluntary basis, or on a more or less involuntary basis, in which there are many gradations.
The labor market, as institutionalized under today's market economic systems, has been criticized by mainstream socialists and by anarcho-syndicalists, who utilise the term wage slavery as a pejorative or dysphemism for wage labour.

Marxian economics

MarxianMarxist economistMarxian economist
Marxian economics
In capitalism, wage labour and private property are part of the relations of production.

American English

EnglishAmericanEnglish-language
Wage labour (also wage labor in American English) is the socioeconomic relationship between a worker and an employer, where the worker sells their labour power under a formal or informal employment contract.

Socioeconomics

socioeconomicsocio-economicsocio-economic development
Wage labour (also wage labor in American English) is the socioeconomic relationship between a worker and an employer, where the worker sells their labour power under a formal or informal employment contract.

Workforce

labor forceworkerworkers
Wage labour (also wage labor in American English) is the socioeconomic relationship between a worker and an employer, where the worker sells their labour power under a formal or informal employment contract.

Employment

employeeemployeremployees
Wage labour (also wage labor in American English) is the socioeconomic relationship between a worker and an employer, where the worker sells their labour power under a formal or informal employment contract.

Employment contract

contract of employmentcontractemployment contracts
Wage labour (also wage labor in American English) is the socioeconomic relationship between a worker and an employer, where the worker sells their labour power under a formal or informal employment contract.

Salary

salariessalariedsalaried employee
These transactions usually occur in a labour market where wages or salaries are market determined.

Work for hire

work-for-hirework made for hireworks made for hire
In exchange for the money paid as wages (usual for short-term work-contracts) or salaries (in permanent employment contracts), the work product generally becomes the undifferentiated property of the employer, except for special cases such as the vesting of intellectual property patents in the United States where patent rights are usually vested in the employee personally responsible for the invention.

Intellectual property

intellectual property rightsIPintellectual properties
In exchange for the money paid as wages (usual for short-term work-contracts) or salaries (in permanent employment contracts), the work product generally becomes the undifferentiated property of the employer, except for special cases such as the vesting of intellectual property patents in the United States where patent rights are usually vested in the employee personally responsible for the invention.

Patent

patentspatent lawpatented
In exchange for the money paid as wages (usual for short-term work-contracts) or salaries (in permanent employment contracts), the work product generally becomes the undifferentiated property of the employer, except for special cases such as the vesting of intellectual property patents in the United States where patent rights are usually vested in the employee personally responsible for the invention.

Freelancer

freelancefreelance writerfreelance journalist
In exchange for the money paid as wages (usual for short-term work-contracts) or salaries (in permanent employment contracts), the work product generally becomes the undifferentiated property of the employer, except for special cases such as the vesting of intellectual property patents in the United States where patent rights are usually vested in the employee personally responsible for the invention.

OECD

Organisation for Economic Co-operation and DevelopmentOrganisation for Economic Co-operation and Development (OECD)Organization for Economic Cooperation and Development
In modern mixed economies such as those of the OECD countries, it is currently the most common form of work arrangement.

Chief executive officer

CEOmanaging directorchief executive
Although most labour is organised as per this structure, the wage work arrangements of CEOs, professional employees, and professional contract workers are sometimes conflated with class assignments, so that "wage labour" is considered to apply only to unskilled, semi-skilled or manual labour.

Manual labour

manual laborlaborlabour
Although most labour is organised as per this structure, the wage work arrangements of CEOs, professional employees, and professional contract workers are sometimes conflated with class assignments, so that "wage labour" is considered to apply only to unskilled, semi-skilled or manual labour.

Self-employment

self-employedSelf–employedself-employment tax
Employment status – a worker could be employed full-time, part-time, or on a casual basis. They could be employed for example temporarily for a specific project only, or on a permanent basis. Part-time wage labour could combine with part-time self-employment. The worker could be employed also as an apprentice.

Apprenticeship

apprenticeapprenticedapprentices
Employment status – a worker could be employed full-time, part-time, or on a casual basis. They could be employed for example temporarily for a specific project only, or on a permanent basis. Part-time wage labour could combine with part-time self-employment. The worker could be employed also as an apprentice.