wagetaker means A firm that has no choice over its wages and must accept those of the general market. Lexicurio rates it Sui generis — a strength score of 92 out of 100.
Etymology
From wage + taker.
noun
- A firm that has no choice over its wages and must accept those of the general market.“Here I assume that the producer is a wagetaker, even though I have supposed that the supplier of each differentiated good uses a different type of labor with its own market.”