The purpose of the minimum wage is to stabilize a worker’s life and improve the quality of the labor force by guaranteeing a minimum level of wages, thereby contributing to the sound development of the national economy (MINIMUM WAGE ACT.)The Minimum Wage Council (MWC) consists of 27 members...

Nowadays, the need to alleviate inequality and polarization is increasing. The current administration has promulgated income-led growth as its main economic policy paradigm. It is designed to stimulate aggregate demand by promoting income growth for household and the self-employed. It is based...