Munich Personal RePEc Archive

Threshold of the Bottom Labour Price

Janoušková, Jana (2006): Threshold of the Bottom Labour Price.


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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.

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