The Iron Law of Wages is a theory that attempts to explain why wages always tend to stay at a certain level, regardless of the labour market conditions. The theory was first proposed by Wilhelm von Kardoff in 1891, and …
The Iron Law of Wages is a theory that attempts to explain why wages always tend to stay at a certain level, regardless of the labour market conditions. The theory was first proposed by Wilhelm von Kardoff in 1891, and …