Gabriela Ionescu
Gabriela Ionescu
Economist, Ph.D. in management and Ph.D. student in economics at the Romanian Academy Doctoral School – SCOSAAR
On the Minimal Wage, with Responsibility

On the Minimal Wage, with Responsibility

The syntagm “minimal wage” used instead the syntagm “minimum wage” is intentioned and requires a little bit of explanation. “Minimum wage” is used in the labour legislation, and signifies the lowest level of the administratively established nominal gross monthly wage in the economy, warranted in paying. In fact, what the law establishes is not the minimum level, but the minimal one. What is that meaning? The minimum wage is the actual wage in the real economy, and thus a wage level generated by the labour market. As a consequence, the minimum wage can vary from time to time and also, of course, it can vary related to the administratively established “minimum wage”, but never below the last. As the administratively established wage must be fixed (at least until the next normative changing), it seems be clear now why this wage must be called minimal but not minimum wage. More

No. 7-8, Sep.-Dec. 2017 2017


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OEconomica No. 1, 2016