What Has been Happening to Real Wages in Pakistan?
It seems unnecessary to prepare an elaborate case emphasising the need for some knowledge about the movement of real wages. Such knowledge would help confirm our ideas about the supply of labour and its abundance or scarcity, shed light on the mechanism of transfer of labour from the traditional sector to the modern sector by highlighting the incentive differential between wages in these two sectors and its change over time, and provide insight into the question of the distribution of incremental income.
KeywordsIncome Milling Estima
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