TITLE

Estimating the Cost of a Guaranteed Wage Plan

AUTHOR(S)
Unterberger, S. Herbert
PUB. DATE
June 1955
SOURCE
Labor Law Journal;Jun55, Vol. 6 Issue 6, p391
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The article focuses on estimation of the cost of a guaranteed wage plan. Guaranteed wage plans both those in operation and those being proposed do not conform to any rigid formula. Instead, they include a wide variety of arrangements with regard to the employees they cover, the amount and duration of the benefits they provide, their administration, their relationship to other institutions, such as unemployment insurance, and their financing. Upon analysis, guaranteed wage plans turn out to be rather flexible arrangements designed to secure a measure of income security within the particular industrial relations situations. The newer proposals have utilized this flexibility to include features designed specifically to meet many of the employer objections to guaranteed wages. Although these features have not wholly eliminated the objections, they have narrowed somewhat the wide area of difference between the proponents and opponents of the guaranteed wage method for obtaining increased income security. The paramount problem in considering or negotiating about guaranteed wage plans has been, and continues to be, the question of their cost-that is, the liability which a guaranteeing employer would be required to accept.
ACCESSION #
9308236

 

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