Abstract: Labour input remains a major factor of production in agricultural sector. It includes those that are rated on daily, hourly and monthly basis depending on the job description. Wage rate of agricultural Labourers is generally below the minimum wage of 18,000 in Nigeria. The paper attempts to identify Wage Rate Determination Theory and its Relevance to Agricultural Sector. The study was conducted in Nigeria and secondary data was used for the study. Results from the study reveal that Subsistence theory, Wages fund Theory, The Surplus value theory of Wages, Residual claimant Theory, Marginal productivity Theory, The bargaining theory of wages, Behavioural theories as the relevant theories of wage also the from the study Agricultural growth, Food prices and food security, Labor supply and Minimum wages are some of the factors affecting wage rate determination in Nigeria going forward Excess Working Hours, Seasonal Employment, Low Wages, Agricultural Slavery, Indebtedness, Weak institutional framework, Exploitation of Child and Women Laborers, Lower Social Status, Shortage of Other Jobs, Housing Problem are the problems agricultural labour. The study therefore recommends that a fast and sustainable measures be put in place to ensure that farm labourers get proper pay for their work also an institutional body be put in place that will oversee the activities of farm employer and employee.
Keywords: Wage Rate, Agricultural Labour, Nigeria.
Title: WAGE RATE DETERMINATION THEORY AND ITS RELEVANCE TO AGRICULTURAL SECTOR
Author: Professor Idisi, Park O., Dr (Mrs.) Ogwu, Joyce Ibunkun, Mrs Aliyu Aisha Ozioma
International Journal of Life Sciences Research
ISSN 2348-313X (Print), ISSN 2348-3148 (online)
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