What is an efficient wage? Efficiency wages was a term coined by Alfred Marshall, one of the fathers of economics, to indicate, in its original form, the wage that a labourer deserves for his ...

The Annals of the American Academy of Political and Social Science, Vol. 111, The Price of Coal. Anthracite and Bituminous (Jan., 1924), pp. 198-202 (5 pages) ...

Labor market policies shape firms' innovation dynamics. A new study shows for the first time that higher minimum wages for low-skill jobs drive firms to develop automation technologies. Rising wages ...