Transcription of FOCUS on - OECD
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FOCUS on - OECD
minimum wages after the crisis: Making them pay OECD 2015 1 FOCUS on minimum wages after the crisis: Making them pay May 2015 Directorate for Employment, Labour and Social Affairs minimum wages are common but controversial. Three out of four OECD countries use them, and supporting low-wage earners is widely seen as important for promoting inclusive growth. But views differ about whether such support is best provided through minimum wages, or closely related policies, such as government transfers. This policy brief considers three aspects that are central for a balanced assessment of policy choices: The cost of employing minimum -wage workers, their take-home pay, and the number of workers affected. Strong interest in minimum wages after the crisis Low pay and in-work poverty were already major policy challenges before the onset of the economic crisis.
levels as a crisis-related measure and the minimum-to-median ratio also declined significantly in Spain and Turkey. But Ireland, MW in …
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