payment_system

lays

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Properties

_kg_layer
0
alternative_to
wages
basis
share of profits
description
The system of payment in the whaling business where crew members receive a proportioned share of the voyage's net profits rather than fixed wages, with shares determined by the importance of duties.
proportionality_factor
importance of duties
type
profit-sharing system

Relationships

  • referenced_byNarrator
    context
    evaluates_payment_system
    source
    Sourcetext_chunk
    source_text
    I was already aware that in the whaling business they paid no wages; but all hands, including the captain, received certain shares of the profits called _lays_
  • referenced_byPequod
    context
    employs_payment_system
    source
    Sourcetext_chunk
    source_text
    in the whaling business they paid no wages; but all hands, including the captain, received certain shares of the profits called _lays_
  • referenced_byShip's Articles
    context
    outlines_terms_for
    source
    Sourcetext_chunk
    source_text
    drawing forth the ship’s articles, placed pen and ink before him, and seated himself at a little table. I began to think it was high time to settle with myself at what terms I would be willing to engage for the voyage. I was already aware that in the whaling business they paid no wages; but all hands, including the captain, received certain shares of the profits called _lays_
  • extracted_fromSource
    extracted_at
    2026-03-02T00:07:25.889Z
    source
    Sourcetext_chunk