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Working paper

Правовое регулирование минимальной оплаты труда

This research is aimed at analyzing the prospects of the Russian minimum wage legislation reform from an international legislative perspective. Authors study historical aspects of conceptual development in the field worldwide, examine the “minimum wage” concept definitions suggested in international treaties and legislative sources of various countries from a comparative viewpoint, suggest a methodology of the minimum wage setting procedures and systemize relevant mechanisms of enforcement. A policy of abstention from the minimum wage setting on the national level has also been studied and the compensatory instruments have been singled out and described. On the basis of the results of this research major trends in the minimum wage regulations in contemporary world have been outlined. A study of the pressing problems of the minimum wage legal regulation in the Russian Federation and of the suggestions for its further development are given in a separate section of this paper.