000			01401nam a2200193Ia 4500
999			_c31896 _d31896
005			20220430180731.0
008			200202s9999 xx 000 0 und d
020			_a19560699X
082			_a331.2101 DAS
100			_a"Das, Gupta"
245		0	_aTheory of wage policy
260			_aDelhi
260			_bOUP
260			_c1977
300			_a78p.
520			_aIn this penetrating essay an eminent economist looks afresh at fundamental concepts of wage policy in the context of an underdeveloped economy. Discussions on wage policy generally hinge on considerations of industrial relations, lip-service being paid to the needs of economic development. This study adopts a 'growth approach' as distinct from the 'industrial relations approach', recognizjng however that the two are not altogether incompatible. The crucial problem in adopting a growth-oriented wage policy is doubt whether a wage structure can be evolved which will induce labour to give of its best and yet generate adequate investible surplus to sustain a desirable rate of growth and minimize unemployment. In this closely- reasoned study of this question, crucial to developing countries. the author convincingly shows that such a wage structure is desirable and also feasible. provided it is a part of a general incomes policy reorienting the entire structure of income-distribution.
650			_aWages
942			_cB _2ddc