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The Changing Labour Market: Digitization, Unemployment Trends, And The Minimum Wage

Author

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  • DUTCAS, Monica Florica

    (Centre for Financial and Monetary Research “Victor Slavescu”, N.I.E.R., Romanian Academy, Bucharest, Romania)

Abstract

The paper addresses three named factors: digitization, unemployment and minimum wage, as a key-factors for changing in the labour market in a globalized economy in the context of the COVID -19 pandemic. In the work will discuss the possible answers to the following three questions: -Should decision makers be concerned about the future of work? -What are the evolutionary trends of unemployment? -How can the minimum wage be a new instrument in a new development policy? A few possible answers will be evaluated based on the comparative analysis of the empirical data from several European countries. In conclusion, the paper highlights the impact of an eventual solution according to the targeted time horizon.

Suggested Citation

  • DUTCAS, Monica Florica, 2020. "The Changing Labour Market: Digitization, Unemployment Trends, And The Minimum Wage," Journal of Financial and Monetary Economics, Centre of Financial and Monetary Research "Victor Slavescu", vol. 8(1), pages 15-25, October.
    • Handle: RePEc:vls:rojfme:v:8:y:2020:i:1:p:15-25
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    References listed on IDEAS

    as
    1. Belser, Patrick. & Rani, Uma., 2010. "Extending the coverage of minimum wages in India : simulations from household data," ILO Working Papers 994584553402676, International Labour Organization.
    2. Herr, Hansjörg, & Kazandziska, Milka., 2011. "Principles of minimum wage policy : economics, institutions and recommendations," ILO Working Papers 994624243402676, International Labour Organization.
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    4. Andini, Corrado & Cabral, Ricardo, 2012. "Further Austerity and Wage Cuts Will Worsen the Euro Crisis," IZA Policy Papers 37, Institute of Labor Economics (IZA).
    5. Richard ANKER, 2006. "Living wages around the world: A new methodology and internationally comparable estimates," International Labour Review, International Labour Organization, vol. 145(4), pages 309-338, December.
    6. Wendy Cunningham, 2007. "Minimum Wages and Social Policy : Lessons from Developing Countries," World Bank Publications - Books, The World Bank Group, number 6760, April.
    7. Anand, Paul, 2020. "Economic Policies for COVID-19," IZA Policy Papers 156, Institute of Labor Economics (IZA).
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

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    JEL classification:

    • J08 - Labor and Demographic Economics - - General - - - Labor Economics Policies
    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
    • K31 - Law and Economics - - Other Substantive Areas of Law - - - Labor Law

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