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Piece-Rate Wages

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Piece-Rate Wages 

wages based on the quantity and value of goods produced during work time.

Under the conditions of socialism, piece-rate wages play an important role in raising labor productivity and in combining social and workers’ personal interests. They encourage better worker qualification, efficient organization of labor resources and industrial processes, and better use of equipment. They also contribute to the development of new forms of socialist emulation (seeWAGES).



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Provisional Regulations Concerning Piece-Rate Wages in State-Owned Enterprises.
And if their piece-rate wages amount to less than minimum wage for the pay period, the employer must supplement their wages so that it reaches this amount.
In 1989 'small shock therapy saw over a million state-sector workers laid off, wage reductions and the introduction of piece-rate wages and individual wage incentives.
 
 
 
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