Sentence examples for values of labour from inspiring English sources

The nature of that response had to remain true to the enduring values of Labour but with policies that were appropriate to the modern world.

For example, optimal tax considerations suggest, for reasonable values of labour supply elasticities, that the optimal schedule should consist of a relatively low benefit replacement rate which declines over the duration of the benefit spell.

Table 2 presents the mean values of labour market factor scores by income group and labour clusters.

Much of Das Kapital spells out Marx's concept of the "surplus value" of labour and its consequences for capitalism.

Menger also used it to refute the view, popularized by David Ricardo and Karl Marx, that the value of goods derives from the value of labour used to produce them.

What gets played down is the daily but pressing task of finding solutions to the problem that is their biggest negative bequest: the impact on how we work and the falling value of labour.

Menger proved just the opposite: that the value of labour derives from the value of the goods it produces, which is why, for example, the best professional basketball players or most popular actors are paid so much.

Long before Karl Marx had calculated the value of labour to create a theory that was to revolutionise the 20th century, thinkers such as Adam Smith (pictured) had wondered on its effect on a Britain taking its first industrialised steps.

Some earlier analysts of the unemployment problem had, however, tended to stress the kind of deadlock that might develop if workers held out for wages exceeding the market value of the product attributable to labour or if business firms insisted on trying to "exploit" labour by refusing to pay a wage corresponding to the value of labour's product.

Such a transformation placed new emphasis on the maximisation of the surplus value of labour from normalised bodies utilising accounting technologies.

The household income comprises of the value of farm produce P hp Q hp, value of HH's time endowment wT, the value of labour used wL, and non-farm income N.