Mohd Arshad, Mohd Nahar (2019) Komponen utama gaji kehidupan wajar. TAFHIM: IKIM Journal of Islam and the Contemporary World, 12 (2). pp. 99-119. ISSN 2231-7015 E-ISSN 2637-0921
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Abstract
The objective of this article is to understand the main components of living wage. The assessment of the determination of wage through the market mechanism is first discussed. It is argued that the valuation of living wage via the labor market mechanism alone is not sufficient. Thus, the estimation of living wage needs to take into account religious and cultural elements since living wage components include the normative understanding of such concepts as fair wage, equitable wage, deserving wage and decent wage. At the same time, the estimation of living wage requires consultation and feedback from employers, workers, labour union and policy-makers. Issues pertaining to the implementation of living wage are also discussed in this article.
| Item Type: | Article (Journal) |
|---|---|
| Additional Information: | 3562/78137 |
| Uncontrolled Keywords: | living wage; Malaysia; standard of living; welfare of workers; hosehold income |
| Subjects: | H Social Sciences > H Social Sciences (General) |
| Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button): | Centre for Islamic Economics Kulliyyah of Economics and Management Sciences > Department of Economics |
| Depositing User: | Dr. Mohd Nahar Mohd Arshad |
| Date Deposited: | 21 Jan 2020 15:50 |
| Last Modified: | 21 Jan 2020 15:50 |
| URI: | http://irep.iium.edu.my/id/eprint/78137 |
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