Discuss the two main forms of wage employment

Question – Discuss the two main forms of wage employment

Answer-

A) Regular salaried workers: Those people who are hired/employed by their employer on a regular/ permanent basis and get social security benefits like pension, provident fund etc. For example; Teacher working in a school, doctors working in hospitals etc.

They have strong bargaining power as they can form trade unions.

B) Casual workers: Those people who are not hired/employed by their employer on a regular/permanent basis and do not get social security benefits like pension, provident fund etc. For example-construction workers.

They do not have strong bargaining power as they cannot form trade unions.

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