Iron law of wages
id:
iron-law-of-wages-189-8226579
title:
Iron law of wages
text:
The iron law of wages is a proposed law of economics that asserts that real wages always tend, in the long run, toward the minimum wage necessary to sustain the life of the worker. The theory was first named by Ferdinand Lassalle in the mid-nineteenth century. Karl Marx and Friedrich Engels attribute the doctrine to Lassalle, the idea to Thomas Malthus's An Essay on the Principle of Population, and the terminology to Goethe's "great, eternal iron laws" in Das Göttliche. It was coined in referenc
brand slug:
wiki
category slug:
encyclopedia
description:
Proposed law of Economics
original url:
https://en.wikipedia.org/wiki/Iron_law_of_wages
date created:
2003-08-23T16:59:46Z
date modified:
2024-09-09T13:55:14Z
main entity:
{"identifier":"Q282825","url":"https://www.wikidata.org/entity/Q282825"}
image:
fields total:
13
integrity:
15