2017Labor Law ForumRequires access

Legal Study on the Minimum Wage System and Realization of Minimum Wage

Joon-sik Bang

Open publisher page 0 citations

Abstract

The minimum wage system that has been maintained for the past 30 years now requires a new concept to realize the realization of the minimum wage and its effectiveness. If the minimum wage system of 1986 was started as a system to protect the minimum wage of low-wage workers, it should now be reformed to function as a social safety net for the guarantee of the living of the low-income class. Therefore, the legislative purpose of protecting the workers ‘lives by imposing a minimum wage on employers, excluding the risk that the minimum wage law entrusts workers’ wages only to the market, is still valid. Likewise, proper wages of professions should not simply be put on the market to protect the lives and safety of the nation, but the state should provide specific guidelines.BR In this paper, various legal issues of the minimum wage system are presented. The introduction of the minimum wage system for each industry by type of minimum wage law and the reorganization of the minimum wage committee are legal issues that must be urgently addressed in order to realize the minimum wage. In order to realize the minimum wage, it is necessary to pay attention to the changes in the workers. The Minimum Wage Act now needs to be reformed for the majority of low - wage -irregular workers in line with changes in the times. In addition, each local government needs to supplement the low minimum wage by introducing the living wage system. Finally, in order to secure the effectiveness of the minimum wage system and establish the rule of law, strict supervision and supervision of the labor supervisor and criminal punishment against the violating workplace must be achieved.

About this research paper

What this paper is about

The minimum wage system that has been maintained for the past 30 years now requires a new concept to realize the realization of the minimum wage and its effectiveness. If the minimum wage system of 1986 was started as a system to protect the minimum wage of low-wage workers, it should now be reformed to function as a social safety net for the guarantee of the living of the low-income class. Therefore, the legislative purpose of protecting the workers ‘lives by imposing a minimum wage on employers, excluding the risk that the minimum wage law entrusts workers’ wages only to the market, is still valid. Likewise, proper wages of professions should not simply be put on the market to protect the lives and safety of the nation, but the state should provide specific guidelines.BR In this paper, various legal issues of the minimum wage system are presented. The introduction of the minimum wage system for each industry by type of minimum wage law and the reorganization of the minimum wage committee are legal issues that must be urgently addressed in order to realize the minimum wage. In order to realize the minimum wage, it is necessary to pay attention to the changes in the workers. The Minimum Wage Act now needs to be reformed for the majority of low - wage -irregular workers in line with changes in the times. In addition, each local government needs to supplement the low minimum wage by introducing the living wage system. Finally, in order to secure the effectiveness of the minimum wage system and establish the rule of law, strict supervision and supervision of the labor supervisor and criminal punishment against the violating workplace must be achieved.

Why it matters

A significance statement is not available in the OpenAlex record.

Key contribution

A contribution statement is not available in the OpenAlex record.

Method / approach

Method details are not available in the OpenAlex metadata.

Main findings

Findings are not separately available in the OpenAlex metadata.

Limitations

Limitations are not available in the OpenAlex metadata.

Applications

Application details are not available in the OpenAlex metadata.

Available abstract

The minimum wage system that has been maintained for the past 30 years now requires a new concept to realize the realization of the minimum wage and its effectiveness. If the minimum wage system of 1986 was started as a system to protect the minimum wage of low-wage workers, it should now be reformed to function as a social safety net for the guarantee of the living of the low-income class. Therefore, the legislative purpose of protecting the workers ‘lives by imposing a minimum wage on employers, excluding the risk that the minimum wage law entrusts workers’ wages only to the market, is still valid. Likewise, proper wages of professions should not simply be put on the market to protect the lives and safety of the nation, but the state should provide specific guidelines.BR In this paper, various legal issues of the minimum wage system are presented. The introduction of the minimum wage system for each industry by type of minimum wage law and the reorganization of the minimum wage committee are legal issues that must be urgently addressed in order to realize the minimum wage. In order to realize the minimum wage, it is necessary to pay attention to the changes in the workers. The Minimum Wage Act now needs to be reformed for the majority of low - wage -irregular workers in line with changes in the times. In addition, each local government needs to supplement the low minimum wage by introducing the living wage system. Finally, in order to secure the effectiveness of the minimum wage system and establish the rule of law, strict supervision and supervision of the labor supervisor and criminal punishment against the violating workplace must be achieved.

Key concepts: Minimum wage, Wage, Living wage, Order (exchange), Efficiency wage, Labour economics, Legislature, Economics

Related papers

Back to paper searchBrowse research topicsOriginal source
Legal Study on the Minimum Wage System and Realization of Minimum Wage — Research Paper | ScholarLens