<abstract xmlns="http://www.w3.org/1999/xhtml">

<p>The minimum wage, through the lens of its effects, is constantly under the scrutiny of the authorities, employers and employees. The paper analyzes how certain endogenous (specific to each state) and exogenous factors (such as the implementation of the Directive on ensuring adequate wages for workers in the Union) influence minimum wage policies and their evolution over time. This article explores the impact of the minimum wage from economic and social perspectives, mainly in terms of the labour market and poverty. The arguments for or against certain aspects of the minimum wage support the conclusions of the article reinforcing the idea of the need for the existence of an adequate minimum wage and reveal that, depending on the criteria considered for adoption and the way of implementation, it can be one of the most effective tools for intervention on the labour market and for protecting employees with incomes located at the bottom of the income pyramid.</p>
</abstract>

The minimum wage, through the lens of its effects, is constantly under the scrutiny of the authorities, employers and employees. The paper analyzes how certain endogenous (specific to each state) and exogenous factors (such as the implementation of the Directive on ensuring adequate wages for workers in the Union) influence minimum wage policies and their evolution over time. This article explores the impact of the minimum wage from economic and social perspectives, mainly in terms of the labour market and poverty. The arguments for or against certain aspects of the minimum wage support the conclusions of the article reinforcing the idea of the need for the existence of an adequate minimum wage and reveal that, depending on the criteria considered for adoption and the way of implementation, it can be one of the most effective tools for intervention on the labour market and for protecting employees with incomes located at the bottom of the income pyramid.

The Minimum Wage Under the Pressure of Some Internal and External Factors of Influence

International conference KNOWLEDGE-BASED ORGANIZATION

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

The minimum wage, through the lens of its effects, is constantly under the scrutiny of the authorities, employers and employees. The paper analyzes how certain...

The Minimum Wage Under the Pressure of Some Internal and External Factors of Influence

Data publikacji: 04 lip 2024

Zakres stron: 1 - 10

DOI: https://doi.org/10.2478/kbo-2024-0048

Słowa kluczowe
labour market, occupation, wages, minimum wage

© 2024 Elena Florişteanu, published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

The Minimum Wage Under the Pressure of Some Internal and External Factors of Influence

Data publikacji: 04 lip 2024

Zakres stron: 1 - 10

DOI: https://doi.org/10.2478/kbo-2024-0048

Słowa kluczowelabour market, occupation, wages, minimum wage

© 2024 Elena Florişteanu, published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Słowa kluczowe
labour market, occupation, wages, minimum wage