Labor Market:Minimum wage at the crossroads

Resumo

The minimum wage policy was intended to bothbenefit low-paid workers and build up the labormarket and productive activity, but in terms offiscal costs it may no longer be a good deal. Forone thing, it was not supported by strategiesto expand productive capacity and enhanceworker skills. And as the economy tightens, lessproductive workers may be at risk. Thais Thimoteocollects ideas about possible alternativepolicy approaches.