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Minimum Wages in China

Name: Minimum Wages in China
Brand: Springer Verlag, Singapore
SKU: 25306029
Price: 159.21 EUR
Availability: InStock
Author: Li Shi
ISBN: 9789811524202

Evolution, Legislation, and Effects

Li Shi

Carl Lin

Jazyk

Angličtina

Kniha Pevná

Libristo kód: 25306029

Nakladateľstvo Springer Verlag, Singapore, máj 2020

This book considers the positive and negative impacts of the minimum wage policy in China. Since Chi... Celý popis

Libristo kód: 25306029

385 b

159.21 €

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This book considers the positive and negative impacts of the minimum wage policy in China. Since China enacted its first minimum wage law in 1994, the magnitude and frequency of changes in the minimum wage have been substantial, both over time and across jurisdictions. The results from China's experience show that rapidly increasing minimum wages have helped increase average wages and reduce the gender wage gap, income inequality, and poverty. However, the fast-rising minimum wage has also resulted in the loss of employment for young adults, women, low-skilled workers, and migrant workers. Additionally, higher minimum wages has a negative impact on firm profitability and adverse effects on firm's human capital investment. In summary, the Chinese minimum wage policy has shown both positive and negative impacts on the affected workers. Through unpacking these findings, book highlights the importance of rigorous research to inform evidence-based policymaking and provides lessons for other transitional and developing economies.