Wage labor in the context of "Employment contract"

The proletariat (/ˌproʊlɪˈtɛəriət/; from Latin proletarius 'producing offspring') is the social class of wage-earners, those members of a society whose possession of significant economic value is their labour power (their capacity to work). A member of such a class is a proletarian or a proletaire. Marxist philosophy regards the proletariat under conditions of capitalism as an exploited class,⁠ deprived of their own means of production and thereby forced to operate industrial means of production held as private property by the bourgeoisie, receiving wages which represent less than the value their labour produced, the remainder appropriated by the bourgeoisie as profits.

Karl Marx argued that the conflicting inherent interests between the proletariat and the bourgeoisie gives the proletariat common economic and political interests that transcend national boundaries, impelling them to unite and assert their sovereignty over the capitalist class, and eventually to create a socialist society free from class distinctions.

State capitalism is an economic system in which the state undertakes business and commercial economic activity and where the means of production are nationalized as state-owned enterprises (including the processes of capital accumulation, centralized management and wage labor). The definition can also include the state dominance of corporatized government agencies (agencies organized using business-management practices) or of public companies (such as publicly listed corporations) in which the state has controlling shares. The term has been used as a pejorative by Marxists, liberals and neoliberals. However, it has also served as a programmatic label for developmentalist and neomercantilist projects in reaction toimperialism.

A state-capitalist country is one where the government controls the economy and essentially acts as a single huge corporation, extracting surplus value from the workforce in order to invest it in further production. This designation applies regardless of the political aims of the state, even if the state is nominally socialist. Some scholars argue that the economy of the Soviet Union and of the Eastern Bloc countries modeled after it, including Maoist China, were state capitalist systems, and Eastern and Western commentators alike assert that the current economies of China and Singapore also constitute a mixture of state-capitalism with private capitalism.

Peonage is any form of wage labor, financial exploitation, coercive economic practice, or policy in which the victim or a laborer (peon) has little control over employment or economic conditions. A Peon (English /ˈpiːɒn/, from the Spanish peón Spanish pronunciation: [peˈon]) is anyone subject to peonage. Peon and peonage existed both the colonial period and post-colonial period of Latin America, as well as the period after the end of slavery in the United States, when "Black Codes" were passed to retain African-American freedmen as labor through other means.

In Bolivia indigenous populations were subject to the Mit'a system during the rule of the Inca and Spanish empires. Later this was replaced by a peonage known as pongaje that lasted until the mid-20th century. In Chile peonage took the local form of inquilinaje and lasted until the Chilean land reform in the 1960s. In Ecuador a similar practise was that of the huasipungos.

An employers' organization or employers' association is a collective organization of manufacturers, retailers, or other employers of wage labor. Employers' organizations seek to coordinate the behavior of their member companies in matters of mutual interest, such as during negotiations with trade unions or government bodies. Employers' organizations operate like trade unions and promote the economic and social interests of its member organizations.