Question

In the context of staff remuneration, piece wages are better than time wages. Write either for or against this proposition.

Answer 1

• In the context of staff remuneration, the piece wage system has several advantages over the time wage system. Under this system, employees are paid according to the number of units produced, not the number of hours worked.
• This approach provides a strong incentive for higher productivity, as the more a worker produces, the more they earn. Piece wages encourage efficiency and speed, making workers more focused and result-oriented. It also helps the employer control labor costs because wages are directly linked to output.
• This system promotes healthy competition among workers and helps identify high performers. Moreover, since payment is made based on output, supervision becomes less necessary, reducing administrative burden. It also discourages time-wasting and idleness. 
• In conclusion, for roles that are repetitive and output-based like in manufacturing or assembly work piece wage system is more motivating and productive, making it a better choice than time wages.