Minimum Wage

A minimum wage is the lowest remuneration that employers can legally pay their workers—the price floor below which workers may not sell their labor. Most countries had introduced minimum wage legislation by the end of the 20th century.Supply and demand models suggest that there may be employment losses from minimum wages. However, if the labor market is in a state of monopsony (with only one employer available who is hiring), minimum wages can increase the efficiency of the market. There is debate about the full effects of minimum wages.The movement for minimum wages was first motivated as a way to …

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Publications

Hansard Society · 1 November 2024 English

the Government’s rules on borrowing for investment, and Sir Keir Starmer signalled a rise in the minimum wage, both in advance of Budget Day, Sir Lindsay Hoyle rebuked them in an angry statement from the


ADB: Asian Development Bank · 28 October 2024 English

This paper looks at how pension systems across Asia and the Pacific can overcome common challenges of low contributory coverage, inadequate social pensions, and failure to include the informal sector.

factors, and in Viet Nam, a fraction of the minimum wage). Overall, even with full benefits, the level


Pew Research Center · 24 October 2024 English

What do poll workers do, and how many typically help in general elections? Read about state requirements for these temporary election staffers and more.

level – with some using the federal or state minimum wage as a basis – but local jurisdictions sometimes


World Bank Group · 23 October 2024 English

This paper focuses on the role of development in informality through higher wages and expanded production possibilities. First, it uses informal, plant-level survey data across countries to document that on …

Meghir et al. (2015), Ulyssea (2018) and Franjo et al. (2022) develop environ- ments where informality exists due to the minimum wages, incomplete enforcement and frictions in accessing finance.


World Bank Group · 23 October 2024 English

This edition of the Macro Poverty Outlooks periodical contains country-by-country forecasts and overviews for GDP, fiscal, debt and poverty indicators for the developing countries. Macroeconomic indicators such as population, gross …

the medium term due to increase in na- tional minimum wage rate. The current account deficit is expected


World Bank Group · 23 October 2024 English

This edition of the Macro Poverty Outlooks periodical contains country-by-country forecasts and overviews for GDP, fiscal, debt and poverty indicators for the developing countries of Sub-Saharan Africa. Macroeconomic indicators such …

of- fered to sectors like agriculture, and the minimum wage and public sector salaries have been raised


World Bank Group · 22 October 2024 English

This Systematic Country Diagnostic (SCD) Update assesses the evolution of Panama’s development challenges and policy priorities since the publication of the SCD in 2015. During the last eight years, Panama …

informal workers earn less than the average minimum wage.82 There is, however, evidence that minimum


AEI: American Enterprise Institute for Public Policy Research · 22 October 2024 English

The American party system is in an unusual extended deadlock, with two minority parties, neither capable of sustaining a durable winning coalition. Both parties have plausible avenues to build a …

work, prohibited most child labor, and set a minimum wage. The economy remained dismal throughout this Deal programs, like Social Security or the minimum wage. Instead, he criticized the Great Society and


Amnesty International · 21 October 2024 English

Migrant workers contracted to sites in Saudi Arabia franchised by French retail giant Carrefour were deceived by recruitment agents, made to work excessive hours, denied days off and cheated of …

Kafala sponsorship system, have no guaranteed minimum wage and are prohibited from joining or forming trade


World Bank Group · 21 October 2024 English

This edition of the Macro Poverty Outlooks periodical contains country-by-country forecasts and overviews for GDP, fiscal, debt and poverty indicators for the developing countries of Europe and Central Asia. Macroeconomic …

competitiveness. The pick-up of growth and the minimum wage increase—which affected positively the bottom implemented a 21.4 percent nominal increase in minimum wage, effectively doubling the amount since 2021


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