wage inequality?
a. Indexing the minimumwage to inflation.
b. Increasing the benefit level paid to welfare recipients,
c. Increasing wage subsidies paid to firms that hire low-skill workers.
d. An increase in border enforcement, reducing the number of illegal immigrants entering the country.
a. 최저임금이 상승하면 상대적으로 고임금 노동자를 고용하는 것이 기
minimum cost of publication of the following year, and metrology survey is conducted every three years.
☞The principle of minimum living guarantee
For Living difficult lives and those who self, education, housing and medical benefits, including support necessary to ensure a minimum standard of living of those.
☞Kinds of benefits
There are living wage, housing benefits, self-pay, educat
Many countries are now importing a variety of commodities with a huge amount from China, especially, agricultural products, and manufactured products. Basically, the country was well-known for cheap labour wage compared to other countries. This main factor leads other nations to use products manufactured from china. That is also the reason why this country is called “The factory of the world".
2.2.3 Promoting system
The promoting system of Senior Employment Project for the aged consists of division of roles by different levels of government, such as 'Ministry of Health and Welfare', local government, 'Korea Labor Force Development Institute for the aged(한국노인인력개발원)‘, and each performing institutions. Major policies are managed by 'Ministry of Health and Welfare' a
can sell all they want at the equilibrium price.
Another one of the Ten principles of Economics :
- Governments can sometimes improve market
outcomes.
However, price controls often hurt more than help them
- Rent-control : keep rents low makes housing
hard to find
- Minimum-wage : raise the income cause of
unemployment