Resource Fair Prices and Wages
Type Journal (article)
Last update: 24/12/2010
Type: Journal (article)
Language English
Year of publication: 2004
Citation: fair trade, fair price, fair wages, poverty line, India, artisans
Target countries: India
Download: 29kb
Summary Lately it has become fashionable, especially in the fair trade movement but not only there, to advertise products with the slogan that ‘the producer receives a fair price’ for his products. There appears not to be a uniform economic definition of the word ‘fair’ however, with as a consequence that the word has become meaningless. This article gives some approaches how to define ‘fair price’ in the Indian context, starting with the calculation of ‘fair wages’. A method is developed to calculate minimum fair wages and prices for the unorganised sector, where there are no trade-unions to represent the workers in their negotiations.
Role Organisation
Network Organisation organisation details Fair Price and Fair Wages
List Keywords
1.1 Socio- economic Sector (OECD) 321 Industry
331 Trade  
1.2 Institutional dimension Policy Development
Social- livelihood systems/ Gender  
1.4 Target group(s) 2. SMEs/Private sector
5. Decision makers/Policymakers
6. General public/Opinion makers  
2.2 Production Chain 2. Production & Management
6. Processing
7. Marketing  
2.3 Commodity group Other products  
2.5a Agro-Ecology: Thermal zone 1: Tropical