Natural wages

Natural wage is one of the classics of economic theory , such as B. David Ricardo , advocated approach, according to which the wages of a worker should be based on the costs of reproducing his labor power or the maintenance of his class and thus determined as the subsistence level . The “market wage” moves around the natural wage. The “natural wage” is based on the “ labor theory ”, which derives the value of a product from the labor that is 'coagulated' in it. The modern conception of price formation and value determination through supply and demand in the market replaces these considerations.