In most cases minimum wages are adjusted on a regular basis
as laid either in the relevant regulations basis as Brazil, Japan and 17 EU
Member states. Adjustments are made twice a year in Greece and the Netherlands
and sometimes in Poland and Spain. Statutory minimum wages are adjusted
regularly but generally at intervals longer than of one year in Ireland,
Latvia, Lithuania. In some cases the frequency of increase may be changed for
example through extraordinary freezes- for example as in the Netherlands recently-
or through the application of indexation. In China and the USA there appears to
be fixed frequency of adjustment. In the USA increases in the federal minimum
wage are a purely political matter and the rate has not been adjusted since
1997.
help full link for:
With regard to the method and criteria for adjustment the
social partners play an important role in some old EU member by the social
partners at national level as part of the country’s current series of social
pacts. In Greece minimum wage increases are determined in the framework of
national general collective agreements with the government giving on an
intersect oral agreement given legal force through a royal decree may rise
through either being linked to increases in price or through an agreement
between the a consultative or adjusted by decree after the government has
consulted the social partners with increases reflecting consumer price
increases in manual workers hourly wages and government policy.
The Spanish
government adjusts the national minimum wage on the basis of consultations with
the social partners, and of forecasts for inflation productivity and the
general economic situation. In the UK the government decides on minimum wage
adjustments on the basis of recommendations from the Low pay commission made up
of a chair three members from business three from trade unions and two LPC
takes the economic and social implications of any increase in to account.
An
example of a country with less social partner input is the Netherlands where
the minimum wage is adjusted by the government based on the development of
collectively economic developments or a rise in unemployment or the number of
employees with disabilities the government can abandon this mechanism
temporarily as is currently the case. Where the jewellery includes gold and
silver or any alloy containing gold and silver the market value of such gold.
Businesses already function with considerable administrative responsibility for
a number of laws including the National Insurance Act.
No comments:
Post a Comment