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Threshold of the Bottom Labour Price


  • Janoušková, Jana


Minimal 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.

Suggested Citation

  • Janoušková, Jana, 2006. "Threshold of the Bottom Labour Price," MPRA Paper 18149, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:18149

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    More about this item


    Minimum wage; living wage; social inequity; unemployment; labour market; labour price;

    JEL classification:

    • A14 - General Economics and Teaching - - General Economics - - - Sociology of Economics


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