Wage-Regulation and Unemployment

John Hicks

Chapter Chapter IX in The Theory of Wages, 1963, pp 179-197 from Palgrave Macmillan

Abstract: Abstract It is now time to return from this historical digression to the general issues of theory with which we are more directly concerned. We have examined the conditions which make it possible for Trade Unions to secure at any time the payment of wages higher than would have been paid in a competitive market. We may now assume that such wages are being paid, whether as the result of Trade Union pressure or because they have simply been imposed by the State; and we may proceed to enquire what the consequences of such a situation are likely to be.

Keywords: Trade Union; High Wage; Stationary Community; Heavy Industry; Consumption Good (search for similar items in EconPapers)
Date: 1963
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DOI: 10.1007/978-1-349-00189-7_9

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