Płaca minimalna jako instytucja rynku pracy
Minimum wage as an institution of the labour market

Author(s): Baha Kalinowska-Sufinowicz
Subject(s): Economy, Labor relations, Economic policy
Published by: Wydawnictwo Uniwersytetu Ekonomicznego w Poznaniu
Keywords: minimum wage;labour market;earnings;
Summary/Abstract: The aim of the chapter is to present the essence of the minimum wage understood asan institution of the labour market. The concept of minimum wage and its understanding in the development of economic thought were presented in the first part. Next, current and contemporary aspects of the minimum wage in Poland and chosen other EU countries were stated. Thereafter, arguments for and against the functioning and increase of the minimum wage were presented. Subsequently, the discussion on the doubts raised by minimum wages functioning in the economy was covered. The methods used in the chapter are critical literature analysis,logical analysis and simple methods of descriptive statistics. The conclusions of the presented analyses are included in the end. They are open-ended, i.e. the legitimacy of increasing minimum wages is determined by the economic situation, and can also be considered from the point of view of the function that the minimum wage should perform in the economy and in society.

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