Concept information
Preferred term
organizational wage inequality
Definition
- The dominant academic explanation of wage setting is the economic theory of human capital, which asserts that people are most often paid based on their productivity at work and that the value of their work is determined by supply and demand in labor markets. In contrast, sociologists focus on workplaces as the primary sites for the generation and distribution of earnings. [Source: Sociology of Work: An Encyclopedia; Organizational Wage Inequality]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/organizational_wage_inequality
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