Excerpt from The Payment of Wages: A Study in Payment by Results Under the Wage-System The following chapters are an attempt to describe a particular aspect of the wage system. Under the existing industrial system every worker has his price and receives his payment for service rendered, and one of the most important questions arising between employer and employed is that of the basis on which this payment is to be made. Broadly speaking, there are two possible bases of payment within the wage-system - payment for time worked and payment for output. There are indeed all kinds of modifications and minglings of these two principles but they are none the less fundamentally distinct. A 'worker may be paid In strict accordance with the time spent on the employer's work at so much per hour, per day, per week, per month, or per year or he or she may be paid in accordance with the work done at so much per piece, or per unit of effort. Again, the method of payment may be either individual or collective: the employer may deal separately with, and pay wages by time or output to, every worker individually, or a lump sum may be paid over to' a single worker on behalf of a group, or to the group itself. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.