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Minimum Wage Protection in Industrialized Countries Recent Experience and Issues for the Future

Minimum Wage Protection in Industrialized Countries Recent Experience and Issues for the Future Minimum wage fixing came to be increasingly questioned during the 1980s owing to high unemployment and the rise of liberal economic thinking. This led many countries to dilute minimum wage protection by freezing the rates or altering the coverage. However, close examination of the relevant research reveals that empirical support for the criticisms of minimum wages is fairly weak and fragmented. At the end of the 1980s and beginning of the 1990s, many countries, Great Britain being a notable exception, pursued a more active minimum wage policy. Concludes with a re‐examination of the goals and form of minimum wage legislation in the light of recent history. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png International Journal of Manpower Emerald Publishing

Minimum Wage Protection in Industrialized Countries Recent Experience and Issues for the Future

International Journal of Manpower , Volume 15 (2/3): 12 – Jan 1, 1994

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Publisher
Emerald Publishing
Copyright
Copyright © 1994 MCB UP Ltd. All rights reserved.
ISSN
0143-7720
DOI
10.1108/01437729410059341
Publisher site
See Article on Publisher Site

Abstract

Minimum wage fixing came to be increasingly questioned during the 1980s owing to high unemployment and the rise of liberal economic thinking. This led many countries to dilute minimum wage protection by freezing the rates or altering the coverage. However, close examination of the relevant research reveals that empirical support for the criticisms of minimum wages is fairly weak and fragmented. At the end of the 1980s and beginning of the 1990s, many countries, Great Britain being a notable exception, pursued a more active minimum wage policy. Concludes with a re‐examination of the goals and form of minimum wage legislation in the light of recent history.

Journal

International Journal of ManpowerEmerald Publishing

Published: Jan 1, 1994

Keywords: Benefits; Collective bargaining; Income; Labour costs; Low pay; Market economy; Minimum wage; Unemployment; Welfare; Young people

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