Threshold of the Bottom Labour Price
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.
|Date of creation:||19 Apr 2006|
|Date of revision:|
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