TITLE

Pros and Cons of the Guaranteed Annual Wage

AUTHOR(S)
McConnell, Campbell R.
PUB. DATE
July 1956
SOURCE
Labor Law Journal;Jul56, Vol. 7 Issue 7, p414
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The article discusses the connotations of the guaranteed annual wage (GAW). The controversial nature of the GAW stems from a variety of factors. In the first place, the relative newness of the GAW as a bargainable issue precludes the establishment of precedents or any real semblance of mutual understanding. Second, the generic nature of the term itself adds a considerable element of confusion to the meaning and significance of the GAW. Third, in contrast to certain of the other steps trod in labor's search for security, the economic and noneconomic aspects of the GAW seem to be greater both in number and in consequence. Finally, experience with GAW plans to date provides a clearly unreliable basis upon which to speculate with respect to the implication of future GAW plans. Many discussions of the GAW largely have been of a broad, comprehensive nature. By way of contrast, the present discussion is limited only to a survey of the arguments centering around the more pronounced economic connotations of the GAW.
ACCESSION #
9265858

 

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