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Considerations Regarding The Minimum Wage In The European Union

Author

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  • Iuliana Cebuc

    (Constantin Brancoveanu University of Pitesti)

Abstract

The crucial role of the minimum wage becomes evident during times of economic recession, such as the one currently being determined by the COVID-19 pandemic, which has increased the risk of poverty and social exclusion. In the EU, 109 million people are being exposed to these risks. The creation of an European standard for fair salaries is essential for all workers of the EU. Thus, since 2020, the Commission has been preparing a legal instrument to ensure an adequate minimum wage, while promoting the effective involvement of social partners and the role of collective agreements. This article seeks to analyse the current situation of the minimum wage in the EU-27, based on the information published by the competent authorities and the steps that have been taken for the establishment of a legal framework ensuring a fair mimimum wage for all workers in the European Union.

Suggested Citation

  • Iuliana Cebuc, 2021. "Considerations Regarding The Minimum Wage In The European Union," Management Strategies Journal, Constantin Brancoveanu University, vol. 54(4), pages 83-88.
    • Handle: RePEc:brc:journl:v:54:y:2021:i:4:p:83-88
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    More about this item

    Keywords

    minimum wages; fair minimum wages; European Union; labour relations;
    All these keywords.

    JEL classification:

    • K31 - Law and Economics - - Other Substantive Areas of Law - - - Labor Law
    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials

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