Discuss the arguments for and against international fair wage and Essay

Discuss the arguments for and against international fair wage and employment standards codes (i.e., anti-sweatshop rules) - Essay Example When workers develop the perception that the compensation received in exchange to the effort rendered in performing the job is insufficient, it hinders their morale towards the organization and their motivation as well. This is quite likely to adversely affect the productivity and ultimately affect the performance of the organization causing ethical issues in the working environment in relation to human rights. It has been with this concern that the concept of â€Å"Fair wage† was developed (Grossman and Helpman, â€Å"Fair Wages and Foreign Sourcing†). This particular developed in the working environment can be well-described with reference to the occurrence of sweatshop movement during the 19th century (Miller, â€Å"Why Economists Are Wrong about Sweatshops and the Anti-Sweatshop Movement†). ... Following the findings in this regard, the discussion will also precise certain specific recommendations to mitigate the limitations and facilitate the positive of implementing the international â€Å"fair wage† and employment standard codes. Argument for International â€Å"Fair Wage† and Employments Standard Codes in Relation to Anti-Sweatshop Rules Researchers have often assumed that employers are always ethically appreciative to pay fair wages to the employees whenever possible, in order to keep them motivated and satisfied. However, in the practical scenario, the working environment situations have repeatedly been witnessed to depict the authoritarian power led malpractices conducted by employers in terms of employee exploitation. A best example to this context has been the anti-sweatshop movement which resulted in the establishment of certain rules in terms of international â€Å"fair wages’ and employment standards with the intention to protect the human rights and welfare of employees along with rendering due significance towards employers’ interests (Miller, â€Å"Why Economists Are Wrong about Sweatshops and the Anti-Sweatshop Movement†). The anti-sweatshop rules illustrate that the global pay system is based on three fundamental principles which include paying for the job, paying in accordance with the skills and competencies of the employees or workers and paying in context of the market value. Based on these principles, the concept of international â€Å"fair wage† was derived which renders due significance towards the ethical business conduct and also towards the transparency in employer-employee relationship. Fair wages can be illustrated as the wage rate which is above the minimum wages offered in a particular region for a