Examlex
What is meritocracy? Why do caste systems have little of it? Why do class systems have more? Illustrate how class systems combine caste and meritocracy with reference to the United States and also Great Britain or Japan.
Labor Market
A marketplace where workers find paying work, employers find willing workers, and wage rates are determined.
Employee Benefits
Non-wage compensation provided to employees in addition to their normal wages or salaries, such as health insurance, pensions, and paid vacations.
Wage Rate
The amount of money paid to an employee per unit of time, usually expressed per hour or per year.
Wage Disparity
The difference in wages earned by different groups of people, often highlighted by gaps across genders, ethnicities, or education levels.
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