Threshold of the Bottom Labour Price
AbstractMinimal wage is a partial social and political measure addressed at solving consequences of or existing poverty, which has a general validity. Its goal is to support socially economic motivation of lower-qualified persons. It is commonly fixed at such a sum so that it covers basic socially recognised costs for minimal life needs of the individual employee but not his/her family.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 18149.
Date of creation: 19 Apr 2006
Date of revision:
Minimum wage; living wage; social inequity; unemployment; labour market; labour price;
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- A14 - General Economics and Teaching - - General Economics - - - Sociology of Economics
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