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Tag "minimum wages"

Minimum Monthly Wage Raise Leads to Growing Informal Employment

Minimum Monthly Wage (MMW) is a bad institution for fighting poverty and inequality. One of the reasons for this is Russia’s high heterogeneity. Raising MMW often leads to the death of companies and a growing shadow labour market, Alexey Oshchepkov concludes this in his study ‘Minimum Wage’s Influence on the Labour Market in Russia’.