Minimum Monthly Wage Raise Leads to Growing Informal Employment
Minimum Monthly Wage (MMW) is a bad institution for fighting poverty and inequality. One of the reasons for this is Russia’s high heterogeneity. Raising MMW often leads to the death of companies and a growing shadow labour market, Alexey Oshchepkov concludes this in his study ‘Minimum Wage’s Influence on the Labour Market in Russia’.
23 October
2013