Abstract
Wages are a painful issue for workers. For entrepreneurs, wages are a cost of production, and must be as low as possible so that the price of goods is not too high or the profits are high. For workers, wages are the amount of money they receive at any given time, and more importantly, the amount of basic necessities they can buy with that wage. Today, the issue of wages is often the cause of poor relations between employers and workers. Because one of the parties feels annoyed or wronged because the pay they get is compared to the work they do. The remuneration system according to Islamic economics is explained through a library research approach which makes books and other literature the subject of this research. Consequently, Islamic wages are said to be rewards that an employee receives for a job well and rightly done in the form of material rewards and incentives based on al'Adla principles and morality. Form of remuneration. Pay attention to the human side. This provision is carried out through negotiation mechanisms, market mechanisms and is determined by the state, even in the form of clothing, in the form of something of value (shopping centers), both in the form of materials and in the form of goods and services. It is based on people's customs and must be paid as soon as possible and without delay.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
More From: Journal of Production, Operations Management and Economics
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.