New book published: Minimum Wages, Collective Bargaining and Economic Development in Asia and Europe

Well-designed minimum wages, set by law or by tripartite agreement, can act as an effective shield for the low-paid, also in the economic crisis. They redistribute earnings to the lower paid and add to wage equality, but their potential to boost private demand and combat gender-based pay discrimination should not be underestimated either. Such minimum wages support balanced wage- or demand-led economic development, contrasting with the export-led strategies of leading countries that may ultimately lead to a ‘race to the bottom’. These are major conclusions from a book volume published by Palgrave Macmillan, edited by AIAS researcher Maarten van Klaveren jointly with Denis Gregory and Thorsten Schulten, and entitled Minimum Wages, Collective Bargaining and Economic Development in Asia and Europe. A Labour Perspective. The volume is a product of the Asian-European Labour Forum (AELF), a network of labour-oriented research institutes and researchers in which AIAS participates. It includes two comparative chapters on Asia and Europe, eight on Asian countries and eight on European (groups of) countries. Copies of the new book have already been spread widely among AELF participants.

Publisher: Palgrave Macmillan, June 2015
Format: hardcover, 400 pages
ISBN: 9781137512406
Price: UK £ 77

 
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