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).

单词	piece-rate wages
释义	Piece-Rate Wages 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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