Question

Compare and contrast wage fixation principles and practices in public and private sector

Answer 1

Answer:

The difference in real wages between the public and private-informal sector is even larger at 3.8 times. ... The wage differentials tend to be higher in rural as compared to urban areas, and are higher among women than among men. The wage differential also tends to be higher for low-skilled workers.

Answer 2

Comparison of wage fixation practices in public and private sector is as follows:

•Public sector is subjected to political influences these days which could lead the government to pay wages higher than those paid to similar workers in the private sector .

•In public sector government pays the wages to the workers and usually the wages are low.

•But in private sector,wages of workers are high because of corruption related issues.