Publication detail

The business impact analysis of the Minimum Wage valorisation

PERNICA, M.

Original Title

The business impact analysis of the Minimum Wage valorisation

Type

journal article in Scopus

Language

English

Original Abstract

The paper presents the results of research conducted in companies based in the South Moravian Region with the aim to gain information concerning the influence of minimum wage on employment and competitiveness of business, the standpoint of business owners in relation to minimum wage and the manner of its adjustment. To complete this paper there have been used methods of analysis, comparison, induction and deduction, percentage of positive and negative answers and Pearson’s chi-squared test. The research revealed that majority of companies would embrace minimum wage derived from average wage and yearly minimum wage inflation adjustment. Although, approximately one half of the respondents believe that the minimum wage makes it harder to employ low-skilled workers. About 40% of the respondents mentioned that this institute increases unemployment, has a contrary effect on business costs and reduces the competitiveness.

Keywords

Competitiveness, inflation rate, Kaitz index, Labour Code, living minimum, minimum wage, payroll costs, unemployment.

Authors

PERNICA, M.

Released

3. 5. 2017

Publisher

Vilnius Gediminas Technical University

Location

Vilnius Gediminas Technical University; Saulėtekio al. 11 - 0621, LT-10223 Vilnius, Lithuania.

ISBN

1648-0627

Periodical

Business: Theory and Practice

Number

4

State

Republic of Lithuania

Pages from

88

Pages to

95

Pages count

8

BibTex

@article{BUT126471,
  author="Martin {Pernica}",
  title="The business impact analysis of the Minimum Wage valorisation",
  journal="Business: Theory and Practice",
  year="2017",
  number="4",
  pages="88--95",
  doi="10.3846/btp.2017.010",
  issn="1648-0627"
}