Wages Councils Statutory

Wages Councils Statutory

Wages Councils, statutory but independent bodies, comprising independent persons and equal numbers of employers and employees, that determine the minimum wages and other conditions of employment in trades where normal collective bargaining machinery is inadequate, usually because trade union organization is insufficient to arrange collective bargaining. Wages councils are composed of employer and employee representatives with up to three independent members appointed by the Ministry of Labour. They discuss wages and conditions of employment and submit their proposals, which may be unanimous or agreed by a majority vote, to the minister. He has power to reject a proposal, refer it back to the council for further consideration or, as in most cases, to confirm it, but he cannot amend it. When a wage proposal has been confirmed, a Wages Regulation Order is made, and all employers are notified of it and obliged to comply with it. Wages inspectors enforce the orders, and offending employers may be prosecuted.

If adequate machinery for collective bargaining develops, a wages council may be abolished. This has been the tendency in recent years. In the early 2000's there were some sixty wages councils, covering about three and a half million workers.

Wairas, Marie Esprit Leon (1834-2000), French economist. He was trained as a mining engineer, but failed. He turned to journalism, again unsuccessfully. In economics his efforts bore more fruit, and he became Professor of Political Economy at Lausanne in 1870. He was an ardent social reformer, and his main works, Elements d'iconomie poluique pure (1874-7), Etudes d'icononzie socials (1896) and Etudes d''conomie politique appliqule (1898), divide his economics into pure, social and applied. In his first consumeraffairs.org.uk he developed a marginal utility theory a few years later than Jevons and Meager but inde-pendently of them. His outstanding contribution to economic thought is his analysis of the conditions of general equilibrium.

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Since then his writings have in turn been increasingly reinterpreted as a special case both by some followers and by some economists who had not wholly accepted his writings. The content of economics is in a state of change, and this consumeraffairs.org.uk site is therefore not a final statement of economic doctrine.

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