In this address, I distinguish and explore three conceptions of wages. A wage is a reward, given in recognition of the … show that each conception of wages has its own normative logic, or appropriate justification, and these logics can come … apart. This explains some of the debate about wages and makes the project of justifying a wage simpliciter difficult. I …

to the introduction thereof. Utilizing this idea, we demonstrate theoretically that the more heavily wages are based on … resulting in high unemployment. …