The institute of the minimum wage itself is present in a certain form in most countries, and with its presence, it influences various aspects of modern society. With the assumed role of protection, it tries to improve the financial and social security of individuals in employment relationships as well as their families, so the institute of the minimum wage touches on the social, economic and political field. In addition to the primary task, which is to ensure fair and decent pay, the institute of the minimum wage also faces negative aspects such as e.g. non-compliance with the payment of the minimum wage to its recipients. Simultaneously, we can observe different (positive and negative) effects of the minimum wage on the labour market given by different models, so there is no single evaluation of the positive or negative effects of the minimum wage. In addition to the different models, the indicators for determining the minimum wage differ between countries. At the same time, the role of the EU is important, trying to ensure appropriate levels of the minimum wage according to the individual economic situation of the Member States. That is why it is important that national institutes of the minimum wage are not used in isolation but are intertwined with other spheres or policies.
The comparison between Slovenia and the Czech Republic is based on their similarities and differences in the minimum wage institute itself. This can be seen based on indicators such as the Kaitz index, Gini coefficient, unemployment rate, social transfers, etc. Besides the formal economy, the minimum wage institute is partly intertwined with the informal economy, especially in times of economic crisis, which was currently caused by the emergence of the coronavirus.
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