THE REGULATION OF THE WAGE – A FACTOR FOR THE EFFECTIVE SOCIO-ECONOMIC POLICY OF THE COUNTRY

GEORGI P. GEORGIEV

 

Abstract

This state scrutinizes a very important and interesting problem in the practice,concerning the place of the economic category wage. For this purpose, the author desribes the significant, material and most characteristic circumstances and dependecies of the wage from all the socio-economic factors that regulate its level and dynamics, taking for base world-wide known definitions about the essence of the labour salary. What is scrutinized as well:
- the dependencies of the wage with the demand and supply;
- the cost for the livelihood of employees that areat different level of management;
- the productivity of the labour, GDP, the profit of the company, the participation of the state in the management of the socio-economic sphere, etc.
In this connection the appropriate critical estimates of the existing practice are made, and new methods and approaches for improvement and optimization of the business are offered.
The revealing of the trends for the last years, as well as the valuations, analysis, and interactions made, show the extraordinary significance of the process of regulating the wage, especially in the context of the conducted socio-economic policy in Bulgaria. In this term, the ascertainments demonstrate that each “underestimation” or “overloading” of the regulatory functions with useless or state regulated dependencies in addition could establish meaningful difficulties in the process for determination and negotiation of the wage, and thus– in the behaviour of various,social subjects, andlast but not least – a reflection of the overall motivation and interest of the human factor in the production.

 

Key words

wage, labour salary, cost and price of the employees' livelihood, regulation of the wage, labour market, demand and supply, inflation, productivity of the labour, gdp, and company profit.

 

Full Text: PDF (Bulgarian)