Implications of the gross national minimum wage guaranteed in payment. Case of Romania Cover Image

Implications of the gross national minimum wage guaranteed in payment. Case of Romania
Implications of the gross national minimum wage guaranteed in payment. Case of Romania

Author(s): Elena Pădurean
Subject(s): Economy
Published by: Asociația pentru Promovarea Spiritului Antreprenorial
Keywords: Gross national minimum wage, guaranteed in payment; wage policy; minimum basket value.

Summary/Abstract: 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.

  • Issue Year: 5/2016
  • Issue No: 2
  • Page Range: 61-66
  • Page Count: 6
  • Language: English
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