Threshold of the Bottom Labour Price

Jana Janoušková

MPRA Paper from University Library of Munich, Germany

Abstract: 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.

Keywords: Minimum wage; living wage; social inequity; unemployment; labour market; labour price (search for similar items in EconPapers)
JEL-codes: A14 (search for similar items in EconPapers)
Date: 2006-04-19
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