Minimum wage: global challenges and perspectives
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Organización Internacional del Trabajo (OIT)
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| Format: | Documento de trabajo |
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International Labour Organization
2018
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| _version_ | 1874524919692263425 |
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| author | Sergei Soares |
| author_facet | Sergei Soares Sergei Soares |
| contents | Minimum wage: global challenges and perspectives Sergei Soares The increase in inequality over the last few decades in most of the world has been a constant source of concern for policymakers and analysts. Inequality can hinder economic growth, reduce well-being and increase poverty. It also fuels social unrest and reduces social cohesion. Great attention has been given to the role of fiscal redistribution (or lack thereof) in the inequality debate, but perhaps mechanisms that involve money passing directly from one economic agent to another, rather than through the hands of the State, deserve more attention. In a time of weakened labour unions and decreasing income mobility, can the minimum wage once again shine as a market-friendly and effective policy tool? Policy In Focus, 42, International Policy Centre for Inclusive Growth postedContent.workingPaper |
| format | Documento de trabajo |
| id | ilo_995673226102676 |
| institution | Organización Internacional del Trabajo (OIT) |
| publishDate | 2018 |
| publisher | International Labour Organization |
| spellingShingle | Minimum wage: global challenges and perspectives Sergei Soares Minimum wage: global challenges and perspectives Sergei Soares The increase in inequality over the last few decades in most of the world has been a constant source of concern for policymakers and analysts. Inequality can hinder economic growth, reduce well-being and increase poverty. It also fuels social unrest and reduces social cohesion. Great attention has been given to the role of fiscal redistribution (or lack thereof) in the inequality debate, but perhaps mechanisms that involve money passing directly from one economic agent to another, rather than through the hands of the State, deserve more attention. In a time of weakened labour unions and decreasing income mobility, can the minimum wage once again shine as a market-friendly and effective policy tool? Policy In Focus, 42, International Policy Centre for Inclusive Growth postedContent.workingPaper |
| title | Minimum wage: global challenges and perspectives |
| url | https://researchrepository.ilo.org/esploro/outputs/workingPaper/Minimum-wage-global-challenges-and-perspectives/995673226102676 |