THE MINIMUM WAGE - THE QUESTION OF DIFFERENTIATION

The minimum wage is widely used in developed countries all over the world. Although significant functions (social, economic) of all industries minimum wage, in many most developed countries they have involved this tool from the all industry standard constituted by government and its officials into industry based agreement rule negotiated both with employers and employees. This rule reflects unique conditions in particular company or industry. Need to say that in these countries there appear much better working conditions for employees and successful opportunity economic growth for entrepreneurs. In this article we are going to examine the development in revenues of chosen groups of workers in last ten years in the Czech Republic. We will identify the (dis) advantages of industry based minimum wage and try to list the assumptions and conclusions of positive adoption of collective industry based minimum wage.