"Ethical Ways in Wage Determination"

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Wage Structure Concepts
Influences on the Wage Structure
The Just Wage Issue in the Literature of the Church
Determinants of the Wage Structure
Economic Theory of Wage Rates
Evidence About Wage Rate Differences andthe Consequences of Minimum-Wage Ratesfor Unskilled Workers
The Issue of a Just Wage in Relationship to Developing Countries
Reflections on Recent Papal Documents
Conclusion
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In Laborem Exercens, John Paul II discusses the relationship between the worker and the direct employer, and says, “The key problem of social ethics in this case is that of just remuneration for work done.”1 In this article we broaden the concept of just remuneration to the context of the worker’s lifetime earnings and benefits received in the jobs held. Economists find that there is a life cycle of earnings over the working age of people. It is possible that a system that provides just remuneration for every job would be inadequate from the perspective of all those in the labor force. The optimal job for a person may differ, depending on the person’s age, family role, level of education, and plans for the future. The ethical concern should be whether the types of jobs available are such that people at different stages in their lives can find work that enables them to fulfill their lifetime plans and objectives.

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On this web site  you will know the basis on how to set pay for individual employee, taking into account wage structures rate ranges and skill based plans. Although no claim is made that all wage level determinants have been identified, it is hoped that enough information are presented here to illustrate nthe process used and the factors considered when an organization decided how much to pay.
 
 
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