Minimum Wages, Collective Bargaining and Economic by Maarten van Klaveren, Denis Gregory, Thorsten Schulten

By Maarten van Klaveren, Denis Gregory, Thorsten Schulten

This ebook bargains a labour viewpoint on wage-setting associations, collective bargaining and monetary improvement. 16 kingdom chapters, 8 on Asia and 8 on Europe, concentration specifically at the position and effectiveness of minimal wages within the context of nationwide developments in source of revenue inequality, fiscal improvement, and social safety.

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In Korea, the official share of non-regular workers in employment has decreased to 33 per cent. Although, if wage earners and the self-employed with insecure job prospects and lack of written contracts were included, the share of precarious workers would end up at 55 per cent of total employment. 75). In other words, across countries a higher income level corresponds with lower informality. We now turn our attention onto income inequality. In recent years, the functional income distribution, defined as the proportion of the shares of GDP accruing to labour and capital, has made a comeback in national and international debates.

In terms of MW adjustments the 1993 regulation had been vague, but the 2004 regulation clearly required adjustment at least every two years, in line with local changes in the cost of living, economic development, level of employment and other relevant factors. The 2004 regulation also specified heavier penalties for non-complying companies. The trade unions got the legal task of helping the labour inspectorate supervise compliance with the MW standards. 3 The collective bargaining system Compared to the history of social dialogue and collective bargaining in many Western countries, the history of China’s collective bargaining system is rather short.

2015) ‘Workers and Labour Market Outcomes of Informal Jobs in Formal Establishments. 73). United Nations Development Programme (UNDP) (2011) Human Development Report 2011. Sustainability and Equity: A Better Future for All. New York: UNDP. UNDP (2014) Human Development Report 2014. Sustaining Human Progress: Reducing Vulnerabilities and Building Resilience. New York: UNDP. United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP) (2013) Economic and Social Survey of Asia and the Pacific.

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