Wage Labour

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  • Apple's Foxconn To Double Wages Again

    forbes.com 4 days ago

    That?s the story coming out of Taiwan that Foxconn, the major supplier to , is going to double the workers? wages again. No doubt any number of campaigners will claim victory here but it?s almost certainly nothing at all to do with demands that be ?ethical? and everything to do with the economics of the ...

  • Why Wages At Apple's Foxconn Are So Low

    forbes.com 2 weeks ago

    We all know about the furore over the wages that are paid at Foxconn, major supplier to and most of the rest of the electronics industry. There?s, from some quarters, a feeling that it?s unfair that Chinese labourers should be paid so much less than US or European such. Even that the Chinese are being ...

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Wage labour is the socioeconomic relationship between a worker and an employer, where the worker sells their labour under a formal or informal employment contract. These transactions usually occur in a labour market where wages are market determined. In exchange for the wages paid, the work product generally becomes the undifferentiated property of the employer, except for special cases such as the vesting of intellectual property patents in the United States where patent rights are usually vested in the original personal inventor. A wage labourer is a person whose primary means of income is from the selling of his or her labour in this way.

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