launafólks
Launafólk is an Icelandic term that refers to individuals who earn income primarily through wages or salaries, rather than from capital ownership or self-employment. The word is formed from laun, meaning wage or salary, and fólk, meaning people. It is commonly used in public discourse and journalism to describe the segment of the workforce that is compensated by employers on a regular basis.
Context and usage: Launafólk is not a formal sociological category, but a descriptive label. It can appear
Grammatical note and examples: The genitive form is launafólks, as in launafólks réttindi (the rights of wage
See also: launþegi; vinnumarkaður; launamunur; íbúðahagsmál. While not a formal class designation, launafólk is a common