Based on this concept, wages are determined by the relative electric power on the Trade Unions. Wage amount relies upon on the relative bargaining power of the two events.

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It had been at flat level and was applicable in some instances to all workforce irrespective of their wages; in Other folks, it assorted In line with wage or wage slabs. A graded percentage, associated with wages or publicité salaries, was also commonplace.”

In general, higher wage rates will have to be paid once the desire exceeds source, and when labour is available in sufficient provide, wage charges are usually reduced.

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