The News Lens (China):
Raise the base salary a handful of winners or universal win?
15 January 2018
Taiwan has recently raised the basic wage, the issue of whether the basic salary workers benefit from rekindling. However, do you think about it, the salary is higher than the basic wage of many workers, and the soaring what is the relationship? The same as consumers, we should look at this policy? Finally, what can the government do and must do to establish the legal wage standard? What to do? Since April 2016, the United Kingdom has raised its basic salary from the current hourly wage of 6.5 yuan to 7.2 yuan and is expected to be raised to 9 pounds by 2020. For the first time in Germany, the minimum wage of 8.5 euros per hour was adopted in 2015; Japan also raised the minimum wage on July 29, 2015 to an hourly rate of 798 yen (on average for all provinces). There seems to be a trend of raising basic wages all over the world. Regardless of whether the policy is pre-election policy beef or not, the debate on basic wage adjustment, whether at the state or city level, can be seen in various parts of the world as early as decades ago.
Reference: Autor, David, Alan Manning and Christopher Smith.2010. “The Contribution of the Minimum Wage to U.S. Wage Inequality over Three Decades: A Reassessment.” NBER Working Paper 16533.
Related publications
The Contribution of the Minimum Wage to U.S. Wage Inequality over Three Decades: A Reassessment David H. Autor, Alan Manning and Christopher L. Smith, Centre for Economic Performance Discussion Paper No.1025, November 2010