Fair Wages and Social Welfare

  • Fritz Helmedag Chemnitz University of Technology

Abstract

Based on considerations concerning justice, average and minimum wages as well as unemployment aid are determined. The derived guidelines refer to net product and reflect `reasonable' proportions between the income categories. Thus, deviations from the suggested principles may be classified as inappropriate.

Author Biography

Fritz Helmedag, Chemnitz University of Technology
Department of Economics Full Professor
Published
2011-02-05