Minimum wage in the system of state social guarantees: International comparative-legal experience
Abstract
In the conditions of the development of the market economy, attention is drawn to the problem of the appropriate level of wages as a state social guarantee. The level of earnings of each working citizen affects the total income of the population, which contributes to the formation of demand for goods, works, and services and the level of the economy. The purpose of the work is to study the current problems of the payment mechanism in current conditions and establish the minimum wage in different countries. The research methodology includes such methods as the dialectical method, the method of analysis and synthesis, deduction and induction, the method of analogy, the historical-legal method, the systematic method, the formal-legal method, and the comparative-legal method. As a result of the conducted research, the minimum wage standards in Ukraine, despite the increase, remain one of the lowest among European countries. It is outlined that in European practice, three main approaches are used to establish the minimum wage: based on the minimum needs of the employee; based on establishing a size that is 2-2.5 times higher than the subsistence minimum, and based on a comparison of the sizes of the minimum and average wages.
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References
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