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Implications of the gross national minimum wage guaranteed in payment. Case of Romania

Author

Listed:
  • Elena Padurean

    (Romanian Academy)

Abstract

In 2015, the gross national minimum wage guaranteed in payment was “increased” twice, while as of May 1st, 2016, it was increased again. No matter whether we speak of the net or gross average wage, we will find out that it doesn’t cover, by far, the value needed for the basic needs, leaving aside the needs inferred from the quality of being a human, a superior, social being that has at least material, spiritual and cultural needs. In conclusion, the minimum wage barely provides the extreme survival of the, roughly, two million Romanian people that receive it.

Suggested Citation

  • Elena Padurean, 2016. "Implications of the gross national minimum wage guaranteed in payment. Case of Romania," Social-Economic Debates, Association for Entreprenorial Spirit Promotion, vol. 5(2), pages 61-66, August.
    • Handle: RePEc:sdb:social:v:5:y:2016:i:2:p:61-66
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    More about this item

    Keywords

    Gross national minimum wage; guaranteed in payment; wage policy; minimum basket value;
    All these keywords.

    JEL classification:

    • C2 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables
    • H21 - Public Economics - - Taxation, Subsidies, and Revenue - - - Efficiency; Optimal Taxation
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory

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