Theories of wages:
There are numerous theories of wages. Some of the early theories of wages are:
1. The subsistence theory of wages; 2. The standard of living theory; 3. The wages fund theory; 4. The residual claimant theoryThe significant recent theories of wages are:
1. The Marginal productivity theory of wages;2. The Market theory of wages and3. The Bargaining theory of wages.
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