Minimal Wage versus Economic Development – Overview
Journal Title: Zeszyty Naukowe Wyższej Szkoły Bankowej w Poznaniu - Year 2017, Vol 72, Issue 1
Abstract
Currently one can observe a growing interest into the significance of minimum wage for the labor market and its influence onto the economy. Most economists assume that the increase in wages does not have a negative effect onto the economy provided it is lower than the growth in work productivity. There are, however problems, determining the extent of the minimum wage increase and its significance for the labor market and GDP. The purpose of the following paper is to present a synthetic overview of existing knowledge and analyses results in terms of the interdependences between the changes in the minimal wage and the labor market and GDP. This is the starting point for further research which should give the answer to the question on the connection between the labor market, economic development and the minimum wage in the local context.
Authors and Affiliations
Sławomir Jankiewicz, Patryk Trzęsalski
Keywords
Related Articles
- EP ID EP223359
- DOI -
- Views 80
- Downloads 0
Digital communication and place brands – experience, participation, co-creation
This paper aims to discuss the key trends, mechanisms, and challenges of branding places in the digital world. The concept of places as virtual entities is explored, as well as, the influence of digital technologies on t...
Poland’s Education System at a Time of Demographic and Economic Crisis
Since there are close links between market economy and the education system, economic crises will have a visible effect on educational institutions at all levels. The late 2000s were marked by a coincidence of financial,...
Innowacyjność banku – ujęcie teoretyczne
Zmiany zachodzące na rynku usług bankowych powodują, że systematycznie rośnie znaczenie innowacji i innowacyjności banków jako źródła przewagi konkurencyjnej na rynku. O ile innowacje finansowe od wielu lat stanowią prze...
The Real “Third Way” of Economics
Economists are searching since a long time for a “Third Way.” The “Third Way” is not to be found by a special mix of central planning and market, but by cooperation. Game theoretical proofs and meta logistics show an adv...
Концепція управління за цінностями як новий підхід у менеджменті закладу вищої освіти
У статті висвітлено роль та місце цінностей в управлінні сучасною орга- нізацією. Менеджмент, що виходить із морально-етичного підходу до розуміння цінності, визначено як вид управління, при якому керівництво приділяє на...