Economics ❯Labor Economics ❯Wage Determination

Minimum Wage Effects

Economic Impact Income Distribution Poverty Reduction Employment Impact Income Inequality Productivity

South Korea Commission Unanimously Backs 2.9% Rise in 2026 Minimum Wage

Endorsed by the presidential office, the plan enters a formal objection period before a final decision in early August

Minimum Wage Commission Backs Two-Step Increase to €14.60, Falls Short of €15 Target

German Minimum Wage Panel Under Pressure to Approve €15 Hourly Rate