Evaluating Pure Neoclassical Wage Exploitation Among Workforce Differentiated by Gender and Occupations in Singapore

International Journal of Business Society, Vol. 4, Issue 10
Hamed Pirpour
Pure neoclassical wage exploitationmarginal revenue productaverage revenue product
PDFRegular IssueDOI: 10.30566/ijo-bs/2020.40
4Volume
10Issue

Abstract

The exploitation of workers can have disastrous consequences for society since their employers’ wage exploitation may adversely influence living standards. Under such circumstances, the percentage of poverty and crime would rise. Due to the importance of adverse impacts of wage exploitation on workers’ livelihoods, this study analyzes the concept of pure exploitation in Singapore during the period from 2011 to 2018. To accomplish this aim, the marginal revenue product (MRP) and average revenue product (ARP) of the gender and occupational groups defined by this study are compared to the groups’ wages. The existence of pure exploitation among the groups, according to the obtained results, has been demonstrated.The findings also indicate that the female groups’ degree of wage exploitation has been more significantthan the male groups’ figure.

References

[1]

Ashenfelter, O.C., Farber, H. and Ransom, M.R., 2010. Labor Market Monopsony. Journal of Labor Economics, 28(2), 203-210.

[2]

Bhaskar, V., Manning, A. and To, T., 2002. Oligopsony and Monopsonistic Competition in Labor Markets.

[3]

Bloom, G.F., 1941. A Reconsideration of the Theory of Exploitation.

[4]

Cahuc, P., Carcillo, S., and Zylberberg, A., 2014. Labor Economics. Cambridge, MA: The MIT Press.

[5]

Chamberlin, E., 1933. The Theory of Monopolistic Competition. Cambridge, MA: Harvard University Press.

[6]

Clark, J. B., 1899. The Distribution of Wealth: A Theory of Wages, Interest, and Profits. New York: Macmillan.

[7]

Collins, H., Lester, G., and Mantouvalou, V., 2018. Philosophical Foundations of Labor Law. Oxford: Oxford University Press.

[8]

Daniel, C., 1990. Pure Neoclassical Exploitation and the Level of Wages. The American Journal of Economics and Sociology, 49(1), 21-33.

[9]

Dickey, D.A. and Fuller, W.A., 1981. Likelihood Ratio Statistics for Autoregressive Time Series with a Unit Root. Econometrica, 49(4), 1057-1072.

[10]

Elster, J., 1978. Exploring Exploitation. Journal of Peace Research, 15(1), 3-17.

[11]

Engle, R.F. and Granger, C.W.J., 1987. Cointegration and Error Correction: Representation, Estimation, and Testing. Econometrica, 55(2), 251-276.

[12]

Fairlamb, H., 1996. Adam Smith's Other Hand: A Capitalist Theory of Exploitation. Social Theory and Practice, 22(2), 193-223.

[13]

Katovich, E.S. and Maia, A.G., 2018. The Relation between Labor Productivity and Wages in Brazil: A Sectoral Analysis. Nova Economia, 28(1), 7-38.

[14]

Marshall, A., 1890. Principles of Economics. London: Macmillan.

[15]

Marx, K., 1867. Capital: A Critique of Political Economy. Volume I: The Process of Capitalist Production. Trans. from the 3rd German edition, by Moore, S. and Aveling, E., ed. Engels, F. Revised and amplified according to the 4th German ed. by Untermann, E. Chicago: Charles H. Kerr and Co., 1909.

[16]

Pigou, A.C., 1920. The Economics of Welfare. London: Macmillan.

[17]

Reeve, A., 1987. Modern Theories of Exploitation. London: Sage Publications Ltd.

[18]

Robinson, J., 1933. The Economics of Imperfect Competition. London: Macmillan.

[19]

Smith, A., 1776. An Inquiry into the Nature and Causes of the Wealth of Nations. London: W. Strahan and T. Cadell.

[20]

Staiger, D.O., Spetz, J., and Phibbs, C.S., 2010. Is There Monopsony in the Labor Market? Evidence from a Natural Experiment. Journal of Labor Economics, 28(2), 211-236.

[21]

Steele, D.R., 1992. From Marx to Mises: Post-Capitalist Society and the Challenge of Economic Calculation. La Salle, IL: Open Court.

[22]

Wicksteed, P.H., 1894. An Essay on the Co-ordination of the Laws of Distribution. London: Macmillan.

Article Information

Article Details
Volume & IssueVol. 4, Iss. 10
Publication DateNov 30, 2020
Authors
Hamed Pirpour
DOI
10.30566/ijo-bs/2020.40
PDF Download
Evaluating Pure Neoclassical Wage Exploitation Among Workforce Differentiated by Gender and Occupations in Singapore | International Journal of Business Society