CONSIDERATIONS REGARDING THE MINIMUM WAGE IN THE EUROPEAN UNION
Autor (i): Iuliana, Cebuc
JEL: K31, J31, J108
Cuvinte cheie: minimum wages, fair minimum wages, European Union, labour relations
Abstract:
The crucial role of the minimum wage becomes evident during times of economic recession, such as the one currently being determined by the COVID-19 pandemic, which has increased the risk of poverty and social exclusion. In the EU, 109 million people are being exposed to these risks. The creation of an European standard for fair salaries is essential for all workers of the EU. Thus, since 2020, the Commission has been preparing a legal instrument to ensure an adequate minimum wage, while promoting the effective involvement of social partners and the role of collective agreements. This article seeks to analyse the current situation of the minimum wage in the EU-27, based on the information published by the competent authorities and the steps that have been taken for the establishment of a legal framework ensuring a fair mimimum wage for all workers in the European Union.
The crucial role of the minimum wage becomes evident during times of economic recession, such as the one currently being determined by the COVID-19 pandemic, which has increased the risk of poverty and social exclusion. In the EU, 109 million people are being exposed to these risks. The creation of an European standard for fair salaries is essential for all workers of the EU. Thus, since 2020, the Commission has been preparing a legal instrument to ensure an adequate minimum wage, while promoting the effective involvement of social partners and the role of collective agreements. This article seeks to analyse the current situation of the minimum wage in the EU-27, based on the information published by the competent authorities and the steps that have been taken for the establishment of a legal framework ensuring a fair mimimum wage for all workers in the European Union.
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