Analysis the economic effects of minimum wage and its prediction for 2010

چکیده مقاله

One of the most important economic- social goals of governments is supporting the
work labor to keep and enhance the purchase power and life welfare and providing
their job security and finally making appropriate environment for active labor of
society. On the other hand, minimum wage and the other occupation standards are
made to improve and promote the more regular behaviors of government experts and
existence the quiet environment and without any stress of work relations are necessary
for economic activities growth in each society. So, determination the fair minimum
wage in this context is very important issue.
In this study, 3 types of questionnaires is designed for employees, employers and
governmental experts via views of aware ones to identification the effective and
affected variables on wage. Then, variable of fair wage index is considered as
unidentified one and is measured via Software Lisrel by economic relations.
Some models are proposed and finally the best one is selected. It shows that
variables of public level of prices, gross domestic production, unemployment rate and
total population affect on minimum wage. Based on above model, one-unit increase in
public level of prices causes to 0.13 increase in wage index and one-unit increase in
gross domestic production leads to 0.96 increases in wage index and also one-unit
increase in unemployment rate and total population lead to 0.33 and 0.77 decrease in
wage index, respectively. Since inflation rate is unidentified in current and next year
in our country, minimum wage is measured by different inflation rates in current year
via wage index for next year.