An econometric estimation of the wage determinants in the light industry

This paper is based on a series of controversies as to consistency of the correlation between the level of the wage and that of labour yield. Even though the economical theory postulates that the two variables have to be closely correlated, the empirical analyses seem to contradict this postulate. The pleaded causes are multiple, such as the forces ratio with-in the negotiations between the employers and the trade unions, immigration, the tough competition worldwide, certain exporters' dumping practices, the technological innovations etc. The goal of this research consists in outlining the significance of the factors that employers take into account upon setting up the wage granted to labourers. The outcomes of the research have shown that wage is the most influenced by the selling goods prices and less by yield and by the turnover, thus confirming the opinion trend that calls into question the solidity of the wage-labour yield correlation.