A living wage is defined as the minimum income necessary for a worker to meet their basic needs. This is not the same as a subsistence wage, which refers to a biological minimum, or a solidarity wage, which refers to a minimum wage tracking labor productivity. Needs are defined to include food, housing, and other essential needs such as clothing. The goal of a living wage is to allow a worker to afford a basic but decent standard of living through employment without government subsidies. Due to the flexible nature of the term "needs", there is not one universally accepted measure of what a living wage is and as such it varies by location and household type. A related concept is that of a family wage – one sufficient to not only support oneself, but also to raise a family.
An Inquiry into the Nature and Causes of the Wealth of Nations, generally referred to by its shortened title The Wealth of Nations, is the magnum opus of the Scottish economist and moral philosopher Adam Smith (1723–1790). First published in 1776, the book offers one of the world's first connected accounts of what builds nations' wealth, and has become a fundamental work in classical economics. Reflecting upon economics at the beginning of the Industrial Revolution, Smith addresses topics such as the division of labour, productivity, and free markets.
Labour power is the capacity to do work, a key concept used by Karl Marx in his critique of capitalist political economy. Marx distinguished between the capacity to do work, i.e. labour power, and the physical act of working, i.e. labour. Labour power exists in any kind of society, but on what terms it is traded or combined with means of production to produce goods and services has historically varied greatly.
The Statute of Labourers was a law created by the English Parliament under King Edward III in 1351 in response to a labour shortage, which aimed at regulating the labour force by prohibiting requesting or offering a wage higher than pre-Plague standards and limiting movement in search of better conditions. The popular narrative about its success and enforcement holds that it was poorly enforced and did not stop the rise in real wages. However, immediately after the Black Death, real wages did not rise, despite the labour shortage.
The fugitive slave laws were laws passed by the United States Congress in 1793 and 1850 to provide for the return of enslaved people who escaped from one state into another state or territory. The idea of the fugitive slave law was derived from the Fugitive Slave Clause which is in the United States Constitution. It was thought that forcing states to deliver fugitive slaves back to enslavement violated states' rights due to state sovereignty and was believed that seizing state property should not be left up to the states. The Fugitive Slave Clause states that fugitive slaves "shall be delivered up on Claim of the Party to whom such Service or Labour may be due", which abridged state rights because forcing people back into slavery was a form of retrieving private property. The Compromise of 1850 entailed a series of laws that allowed slavery in the new territories and forced officials in free states to give a hearing to slave-owners without a jury.
The Black Death peaked in Europe between 1348 and 1350, with an estimated third of the continent's population ultimately succumbing to the disease. Often simply referred to as "The Plague", the Black Death had both immediate and long-term effects on human population across the world as one of the most devastating pandemics in human history, including a series of biological, social, economic, political and religious upheavals that had profound effects on the course of world history, especially European history. Symptoms of the Bubonic Plague included painful and enlarged or swollen lymph nodes, headaches, chills, fatigue, vomiting, and fevers, and within 3 to 5 days, 80% of the victims would be dead. Historians estimate that it reduced the total world population from 475 million to between 350 and 375 million. In most parts of Europe, it took nearly 80 years for population sizes to recover, and in some areas, it took more than 150 years.
Truck Acts is the name given to legislation that outlaws truck systems, which are also known as "company store" systems, commonly leading to debt bondage. In England and Wales such laws date back to the 15th century.
The Indian indenture system was a system of indentured servitude, by which more than 1.6 million workers from British India were transported to labour in European colonies, as a substitute for slave labor, following the abolition of the trade in the early 19th century. The system expanded after the abolition of slavery in the British Empire in 1833, in the French colonies in 1848, and in the Dutch Empire in 1863. British Indian indentureship lasted till the 1920s. This resulted in the development of a large South Asian diaspora in the Caribbean, Natal, East Africa, Réunion, Mauritius, Sri Lanka, Malaysia, Myanmar, and Fiji, as well as the growth of Indo-Caribbean, Indo-African, Indo-Mauritian, Indo-Fijian, Indo-Malaysian, and Indo-Singaporean populations.
Labour vouchers are a device proposed to govern demand for goods in some models of socialism and to replace some of the tasks performed by currency under capitalism.
Capital. A Critique of Political Economy. Volume I: The Process of Production of Capital is the first of three treatises that make up Das Kapital, a critique of political economy by the German philosopher and economist Karl Marx. First published on 14 September 1867, Volume I was the product of a decade of research and redrafting and is the only part of Das Kapital to be completed during Marx's life. It focuses on the aspect of capitalism that Marx refers to as the capitalist mode of production or how capitalism organises society to produce goods and services.
The Articles of War are a set of regulations drawn up to govern the conduct of a country's military and naval forces. The first known usage of the phrase is in Robert Monro's 1637 work His expedition with the worthy Scot's regiment called Mac-keyes regiment etc. and can be used to refer to military law in general. In Swedish, the equivalent term Krigsartiklar, is first mentioned in 1556. However, the term is usually used more specifically and with the modern spelling and capitalisation to refer to the British regulations drawn up in the wake of the Glorious Revolution and the United States regulations later based on them.
The History of labour law in the United Kingdom concerns the development of UK labour law, from its roots in Roman and medieval times in the British Isles up to the present. Before the Industrial Revolution and the introduction of mechanised manufacture, regulation of workplace relations was based on status, rather than contract or mediation through a system of trade unions. Serfdom was the prevailing status of the mass of people, except where artisans in towns could gain a measure of self-regulation through guilds. In 1740 save for the fly-shuttle the loom was as it had been since weaving had begun. The law of the land was, under the Act of Apprentices 1563, that wages in each district should be assessed by Justices of the Peace. From the middle of the 19th century, through Acts such as the Master and Servant Act 1867 and the Employers and Workmen Act 1875, there became growing recognition that greater protection was needed to promote the health and safety of workers, as well as preventing unfair practices in wage contracts.
Cutter v Powell (1795) 101 ER 573 is an English contract law case, concerning substantial performance of a contract.
The Statute of Artificers 1563 or the Artificers and Apprentices Act 1563 was an Act of Parliament of England, under Queen Elizabeth I, which sought to fix prices, impose maximum wages, restrict workers' freedom of movement and regulate training. The causes of the measures were short-term labour shortages due to mortality from epidemic disease, as well as, inflation, poverty, and general social disorder. Local magistrates had responsibility for regulating wages in agriculture. Guilds regulated wages of the urban trades. Effectively, it transferred to the newly forming English state the functions previously held by the feudal craft guilds. The measure sought to make agriculture a trade and a national priority of employment.
The House of Lords Precedence Act 1539 is an Act of the Parliament of England. It prescribed the order of precedence of members of the House of Lords. However, some of it has since been superseded or repealed, and so for the full order of precedence today other sources should also be consulted.
Exploitation is a concept defined as, in its broadest sense, one agent taking unfair advantage of another agent. When applying this to labour it denotes an unjust social relationship based on an asymmetry of power or unequal exchange of value between workers and their employers. When speaking about exploitation, there is a direct affiliation with consumption in social theory and traditionally this would label exploitation as unfairly taking advantage of another person because of their vulnerable position, giving the exploiter the power.
Hiring fairs, also called statute or mop fairs, were regular events in pre-modern Great Britain and Ireland where labourers were hired for fixed terms. They date from the time of Edward III, and his attempt to regulate the labour market by the Statute of Labourers in 1351 at a time of a serious national shortage of labour after the Black Death. Subsequent legislation, in particular the Statute of Apprentices of 1563, legislated for a particular day when the high constables of the shire would proclaim the stipulated rates of pay and conditions of employment for the following year. Because so many people gathered at a fair, it quickly turned into the major place for matching workers and employers. Hiring fairs continued well into the 20th century, up to the Second World War in some places but their function as employment exchanges was diminished by the Corn Production Act 1917. This legislation guaranteed minimum prices for wheat and oats, specified a minimum wage for agricultural workers and established the Agricultural Wages Board, to ensure stability for farmers and a share of this stability for agricultural workers.
"Value, Price and Profit" is a transcript of an English-language lecture series delivered to the First International Working Men's Association on June 20 and 27, 1865 by Karl Marx. The text was written between the end of May and June 27 in 1865, while Capital, Volume I was in preparation and one year before it was published. Value, Price and Profit was published as a book in 1898 by Marx's daughter Eleanor Marx Aveling.
Indentured servitude in British America was the prominent system of labor in the British American colonies until it was eventually supplanted by slavery. During its time, the system was so prominent that more than half of all immigrants to British colonies south of New England were white servants, and that nearly half of total white immigration to the Thirteen Colonies came under indenture. By the beginning of the American Revolutionary War in 1775, only 2 to 3 percent of the colonial labor force was composed of indentured servants.
An Act for prohibiting Trade with the Barbadoes, Virginia, Bermuda and Antego or Act prohibiting Commerce and Trade with the Barbodoes, Antigo, Virginia, and Bermudas alias Summer's Islands was an Act of law passed by the Rump Parliament of England during the Interregnum against English colonies which sided with the Crown in the English Civil War.
