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Low Pay and Wage Regulation in the European Community
Author(s) -
Bazen Stephen,
Benhayoun Gilbert
Publication year - 1992
Publication title -
british journal of industrial relations
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.665
H-Index - 70
eISSN - 1467-8543
pISSN - 0007-1080
DOI - 10.1111/j.1467-8543.1992.tb00795.x
Subject(s) - wage , member states , labour economics , charter , economics , social partners , efficiency wage , business , european union , political science , market economy , economic policy , law
Abstract The prospect of direct intervention in the process of wage determination as envisaged in the Social Charter has met with considerable criticism. In particular, employers' organizations and certain governments have rejected outright the proposal to require firms to pay an equitable wage. However, in all member‐states except the UK and Ireland, arrangements exist to ensure that nearly all workers are covered by minimum wage protection (through national minimum wages or full‐coverage collective agreements). In this article the nature of low‐paid employment in member‐states is examined and different methods of wage regulation are described. After reviewing the economic effects of wage regulation, we discuss possible initiatives on wage regulation at the Community level.