单词 | subsistence wages |
释义 | subsistence wages The lowest level of wages consistent with the survival of the labour force. This is an ambiguous concept: does it mean wages sufficient for individual labourers to survive for some limited period, such as a year, or does it mean a wage level sufficient for the workers and their families to have the expectation of life normal in their societies? In modern societies ‘subsistence wages’ is a term of abuse rather than a definite quantity. |
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