Raising the minimum wages in Ukraine: advantages and disadvantages
Journal Title: Наукові горизонти. Scientific Horizons - Year 2018, Vol 72, Issue 11
Abstract
The theoretical and methodical approaches to the formation of minimum wages in the country are substantiated. The positive and negative influence factors on the formation of the minimum wages level in Ukraine are determined. Attention is focused on the need to minimize the influence of negative factors and maximize the role of positive factors to increase not only nominal but also real wages of employees. It is noted that the increase of incomes of citizens positively influences on the increase of solvent demand of population in particular and socio-economic development of country as a whole. It is established that one of the main destabilizing factors of influence on the size of real wages is the constant depreciation of the national currency in relation to foreign currencies. It is noted that the spread of the shadow economy is a negative deterrent to the development of financial-economic system of the country. It is established that reducing the level of the shadow economy will increase jobs and increase wages of the population, as well as significantly increase revenues to budgets of different levels and reduce the deficit of the Pension Fund of the country. It is proved that wage growth should be closely linked to the real state of the economy, as its unreasonable increase may provoke inflationary processes and negatively affect the financial and economic situation in the state. It is found that the combination of macro and micro influence factors on the formation of the minimum wage creates the necessary foundation for the growth of its level, which should positively reflect on the socio-economic well-being of citizens and the development of the national economy of the country.
Authors and Affiliations
І. Olifir
Keywords
Related Articles
- EP ID EP631780
- DOI 10.33249/2663-2144-2018-72-11-38-45
- Views 82
- Downloads 0
Mathematical model of the pump with limited initial information
The publication deals with the peculiarities of construction of structural schemes of pumps and fans. A mathematical description of such installations is performed using nonlinear differential equations. There is also a...
Pathomorphological features of dogs’ basal cell-derived skin cancer
The material for the study was a group of 34 dogs of different age groups, operating and biopsy material, which was sent to a laboratory from the veterinary clinics of the city of Dnipro. Basal cell carcinoma in dogs ta...
Application perspectives in feeding young pigs silicon sorbent «Silard» and feed concentrate «Zhivіna» and their effects on animal performance
Previous studies action silicon sorbents indicated the possibility of their combination with other feed additives, since they exhibit a neutralizing effect on toxic substances selectively without reducing the intake of v...
Еstimation of foreign economic activity in the context of development of export potential of the Sumy region
The evaluation of foreign economic activity of enterprises of the Sumy region in the context of finding ways to increase the export potential of the region. The aim of the study is to assess the state of foreign economic...
System collapse of state financial support of agricultural enterprises
The irrationality and low efficiency of the existing system of state support of agricultural producers in Ukraine are substantiated. The volume of budget financing of the agricultural sector in Ukraine for 2013-2017 has...