You can manage bookmarks using lists, please log in to your user account for this.
Media type:
E-Book
Title:
How are minimum wages set?
:
countries set minimum wages in different ways, and some countries set different wages for different groups of workers
Description:
The minimum wage has become an accepted way to tackle the extremes of low pay in many countries, but there is considerable variability in the way minimum wages are set around the world. Methods include formulas, government rate setting, union bargained rates, and rates recommended by an expert body. Expert bodies whose recommendations are informed by a strong evidence base have the advantage that they can respond to changing economic conditions and build consensus among businesses and workers without political interference, but they are unlikely to take the sort of bolder steps seen in the UK, Germany and other countries in recent years.