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Aspects Regarding the Minimum Wage

Author

Listed:
  • Alina Nițescu

    (University of Petroşani, Romania)

Abstract

The right to a minimum standard of living is recognized as a fundamental right by all international human rights institutions. As far as the right to work is concerned, the decent living standard can only be fulfilled if there is a remuneration to ensure that the worker and his / her family, in return for their work, cover all acceptable (minimum) social, cultural, educational, health and professional development - this standard can only be guaranteed by developing mechanisms to provide the worker with a minimum wage. In this context, the paper aims to deal with a number of aspects of the minimum wage in the European Union.

Suggested Citation

  • Alina Nițescu, 2017. "Aspects Regarding the Minimum Wage," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 17(2), pages 175-184.
    • Handle: RePEc:pet:annals:v:17:y:2017:i:2:p:175-184
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    More about this item

    Keywords

    minimum wage; living standard; employment; labour cost;
    All these keywords.

    JEL classification:

    • J30 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - General
    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials

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