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Property > Labor > Wages

The price of labor, renumeration paid to employees for their work or services
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  • Minimum Wage Laws - Legislation that places a lower limit on the prices paid for labor
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Articles
Of the Wages of Labour, by Adam Smith, An Inquiry into the Nature and Causes of the Wealth of Nations, 1776
Book One, Chapter VIII
Wages, by Ludwig von Mises, Human Action, 1949
Chapter 21, Section 3
How to Destroy Mongolian Mining, by Morgan J. Poliquin, Mises.org Daily Article, 20 Jun 2006
Related Topics: Mongolia, Mining, Taxation
"Mongolian workers don't have the money to find and develop a mine and, like workers worldwide, accept wages in return for labor right away before, and regardless if, any sales or profits are realized by the capitalist investors. Ivanhoe estimated that over its life the project would provide 117,000 new jobs (full and part-time workers) ..."
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