Implications of the gross national minimum wage guaranteed in payment. Case of Romania
Elena Padurean ()
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Elena Padurean: Romanian Academy
Social-Economic Debates, 2016, vol. 5, issue 2, 61-66
In 2015, the gross national minimum wage guaranteed in payment was “increased” twice, while as of May 1st, 2016, it was increased again. No matter whether we speak of the net or gross average wage, we will find out that it doesn’t cover, by far, the value needed for the basic needs, leaving aside the needs inferred from the quality of being a human, a superior, social being that has at least material, spiritual and cultural needs. In conclusion, the minimum wage barely provides the extreme survival of the, roughly, two million Romanian people that receive it.
Keywords: Gross national minimum wage, guaranteed in payment; wage policy; minimum basket value (search for similar items in EconPapers)
JEL-codes: C2 H21 E62 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:sdb:social:v:5:y:2016:i:2:p:61-66
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