Druckschrift 
Impact of possible growth of minimum wage in Georgia
Einzelbild herunterladen
 

Tbilisi Impact of Possible Growth of Minimum Wage in Georgia DAVIT DARSAVELIDZE January 2019 n of developed as well as developing countries regulate the Minimum Wage by law. The Minimum Wage for countries vary and all serve some degree of income protection for workers, prohibit competition based onunfair labor usage/exploita­tion and supports the idea of decent pay for work. Setting proper Minimum Wage is a challenge, as each country should maintain a balance in the economy: make it high enough to ensure standard of life of its workers as well as not to increase too much to undermine capacity of the economy. n GEL($8), the current monthly Minimum Wage in Georgia, is too low and outdated. Since its introduction in 1999, it has never been adjusted to changing consumer prices (inflation), wages(increase in average monthly earning), or the standard of living in Georgia. The Subsistence Minimum, pension for elderly and all other social benefits in Georgia are much higher than the current Minimum Wage. n research indicated introduction of the new Minimum Wage is essential and viable action, Georgia needs to pursue, in order to meet its aspirations of becoming part of EU family as well as international society, firmly advocating human rights as well as sustainable economic development perspectives.