Economy of Urcea: Difference between revisions

All employers and businesses in Urcea, including the [[Government of Urcea]] itself, are arranged in a system of guilds. Guilds, sorted by industry, are the self-governing bodies of the economy which internally regulate most labor laws and workplace conditions as well as having the authority to set the minimum wage within the guild. Guilds are comprised of representatives of both business owners and labor unions, and each guild has local branches at the provincial and municipal levels which are partly responsible for appointed "vested" members who hold special decision-making authority within the guild structure. Guilds are represented in the [[Gildertach]], which is the sole body which can determine and approve laws relating to guilds and also holds power to approve certain trade deals. Adherence to the guild system is enforced by the [[Ministry_of_Commerce_(Urcea)#Office_for_Guild_and_Workforce_Affairs|Office for Guild and Workforce Affairs]]. The guild system has been cited by several studies as being a primary reason for low reported levels of class antipathy in Urcea, and several economists have suggested that the system has greatly reduced class inequality.