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Question
Which system of wage payment is supported by the trade unions?
Long Answer
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Solution
In the time wage system, workers are paid based on the amount of time they work (e.g., per hour, per day, or per month), regardless of the quantity of output. This ensures stable and predictable income, which trade unions favor because:
- It protects workers from exploitation and undue pressure to produce more.
- It ensures equal pay for equal time, promoting fairness.
- It reduces stress and health issues that often arise in piece-rate systems.
- It encourages job security and dignity of labor.
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Chapter 8: Staff Remuneration - EXERCISES [Page 117]
