ABSTRACT
This chapter examines the major theories of income distribution which have at one time or another found favor among social scientists, this with the aim of accertaining the extent to which they pertain to the megacorp. These major theories are the marginal productivity theory of conventional, neo-classical analysis; the power-focused theory of the institutionalists; the normative theory of the medieval scholastics and latter day sociologists; the surplus value theory of Marx, and the aggregate demand-related theory that has emerged in the wake of the Keynesian revolution in economics. The distribution of income among the laboring manpower force depends, then, not on marginal contributions to the firm's overall revenue contributions which, due to the group nature of most work activity, cannot in any case be ascertained - but rather, on relative position within the corporate hierarchy. It is the differential rates of compensation thus determined that constitute what is referred to as the internal wage structure of the laboring manpower force.
