Renaissance for LEADERS

Peak Performance Resources for Leaders by Leaders

glossary

Wage Slavery

A derogatory analogy between slavery and wage labor, which is used to highlight similarities between owning and renting a person. Typically refers to a situation where a person’s livelihood depends on wages or a salary and when they are totally dependent on that income for survival, basic necessities, and live paycheck to paycheck. The term wage slavery has been used to criticize the exploitation of labor and social stratification with workers paid comparatively low wages for soulless, heartless work, unequal bargaining, lack of self-management, fulfilling job choices, and leisure time.

Waste

1. To use, consume, spend, or expend thoughtlessly or carelessly. 2. To cause to lose energy, strength, or vigor; exhaust, tire, or enfeeble. 3. To fail to take advantage of or use for profit; lose. 4. A place, region, or land that is uninhabited or uncultivated; a desert or wilderness. 5. Anything other than the minimum amount of equipment, materials, parts, space and worker’s time which are absolutely essential to add value to the product (Working Definition from Toyota.) 2. Use to no purpose or inadequate result or extravagantly (waste time.)

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