International Business and Management
Study on the Minimum Wages Increases in Beijing
Abstract
This paper studies minimum wage increases in Beijing since the implement of minimum wage guarantee system. This paper compares minimum wage with per person GDP and average wage. It also studied the effect of minimum wage increases, and points out that increasing minimum wages will raise labor cost, improving labor productivity and promote the upgrading of industrial structure.
Keywords
Minimum wage; Labor cost; Labor productivity; Industrial structure
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PDFDOI: http://dx.doi.org/10.3968/8566
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