2023-09-28 14:46:10 +00:00
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abstract: 'Minimum wage raises debate and controversy since its introduction.
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Proponents reported its justification in particular related to the task
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of ensuring income to workers, which guarantees them their basic needs.
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Opponents argue the impacts of rising unemployment. Legislative and
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institutional setting of the lower limit for wages in the economy does
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not allow the wages of certain employees to decline to the level of
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equilibrium wages in the event of adverse economic activity, which may
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cause barriers in employing particular risk groups in the labor market.
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The modification of the minimum wage is a serious problem, since it
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represents the fundamental elements of the macroeconomic and
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macro-regulation in the country, the impact on the revenue policy, price
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policy, pension policy, as well as their own employees and employers and
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other groups. The aim of this paper is to examine the correlation
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between the increase in the minimum wage and the unemployment rate in
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the Slovak Republic with a focus on specific groups in the labor market
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and regional differentiation. Our contribution contains a justification
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of the existence and function of the minimum with a proposal for its
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modification, while it also focuses on the future shape of minimum wages
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in Slovakia within the changed socio-economic conditions. Consumption
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and investments are the driving force of the economy but the investment
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is to some extent driven by the anticipated consumption. Only household
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consumption accounted for a significant upward impetus to the Slovak
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economy, which would not be possible without increasing the employment
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and wage growth.'
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affiliation: 'Sika, P (Corresponding Author), Univ Econ Bratislava, Fac Natl Econ,
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Dept Social Dev \& Labour, Bratislava, Slovakia.
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Sika, Peter, Univ Econ Bratislava, Fac Natl Econ, Dept Social Dev \& Labour, Bratislava,
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Slovakia.'
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author: Sika, Peter
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author-email: peter.sika@euba.sk
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author_list:
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- family: Sika
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given: Peter
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booktitle: ECONOMIC AND SOCIAL DEVELOPMENT (ESD)
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da: '2023-09-28'
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editor: Primorac, Z and Bussoli, C and Recker, N
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files: []
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issn: 1849-7535
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keywords: Minimum wage; Unemployment; Regional differentiation
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keywords-plus: EMPLOYMENT
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language: English
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note: '16th International Scientific Conference on Economic and Social
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Development - The Legal Challenges of Modern World, Split, CROATIA, SEP
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01-02, 2016'
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number-of-cited-references: '20'
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orcid-numbers: Sika, Peter/0000-0001-6393-7325
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pages: 587-596
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papis_id: b42826bcf13e48f4fd712ee98c5da60d
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ref: Sika2016relationshipminimum
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researcherid-numbers: Sika, Peter/ADT-5146-2022
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series: International Scientific Conference on Economic and Social Development
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times-cited: '1'
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title: THE RELATIONSHIP OF THE MINIMUM WAGE AND UNEMPLOYMENT IN THE SLOVAK REPUBLIC
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2023-10-01 08:15:07 +00:00
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type: proceedings
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2023-09-28 14:46:10 +00:00
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unique-id: WOS:000391254400060
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usage-count-last-180-days: '0'
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usage-count-since-2013: '4'
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web-of-science-categories: Business; Criminology \& Penology; Economics; Law
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year: '2016'
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