minimum wage

From 2012 to 2014 Lithuania increased its minimum monthly wage by almost one third (from 800 Litas in 2012 to 1,035 Litas in 2014). There are suggestions to increase the minimum wage in 2015 even more the supporters of the idea claim that companies would adapt. But is it all that simple? According to the survey conducted by LFMI, minimum wage increases come at a cost and they eventually bring several negative consequences.

A survey conducted by the Lithuanian Free Market Institute (LFMI) shows that a rise in the minimum wage negatively affects Lithuania’s businesses and hurts workers. Of the 181 companies questioned, every third said that the 2012 and 2013 increases in the minimum wage had a negative impact on their businesses

Minimum wage debate is in full swing again after President Obama desperately trying to save his approval rating – with the exception of Nixon, worse than any other postwar second-term president – urged Congress to raise its federal level to $9 / hour.

The first one is about setting minimum wage not on the national, but regional level. In this way, the standards for poorer regions (with lower minimum standards of living) would be different than those for the better-developed ones.

The Ministry of Labour proposes a minimum wage increase, which will decrease job creation

Radicalism in France: „it’s not a sin to make money!“. Free movement of people is in danger. Why everyone has to save money just the EU doesn’t? Britain is back in recession.