Affiliation:
1. University for Health Sciences, Medical Informatics, and Technology, Austria
Abstract
Beginning with the upsurge of the industrial revolution and the subsequent implementation of labor division practices in most production processes in the 19th century, the question of employee rewarding within the framework of industrial value added has been widely discussed. The resulting controversy of appropriate pay was first put forward on a political level, whereby the predominant liberal approaches could be characterized by the principle that labor had to be first and foremost regarded as a commodity being subject to the free market so that labor offer and demand would determine wages and salaries (Berger, 1998; Birnbaum, 2001).
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