The Minimum Wage Has Become A Hot Topic All Over The World.

With the widening gap between the rich and the poor in the world, the minimum wage has become a hot topic all over the world. The government has to set up a minimum wage policy so that those low-income groups can ensure their basic survival.

Of course, inequality between the rich and the poor is not derived from wages alone. It works long hours.

There is also an inseparable relationship.

Earlier, New York said it would increase the minimum hourly wage standard by 6 US dollars over the next 3 years, while California said it would be California's lowest in the next 6 years.

Another $5 to $15 an hour.

Britain has recently set a minimum wage of 7.2 pounds (US $10.25) for people over the age of 25.

The Chinese government has similar measures in this regard.

It is reported that from April 1, 2016 onwards, the monthly minimum wage in Shanghai has been adjusted from 2020 yuan to 2190 yuan, an increase of 170 yuan, and the minimum wage standard has been adjusted from 18 yuan to 19 yuan.

This is the twenty-third time that Shanghai has adjusted the monthly minimum wage since 1993.

The monthly minimum wage is applicable to full-time workers, who provide normal labor during the statutory working hours or the working hours stipulated by the labor contract signed in accordance with the law.

Must not be lower than the minimum monthly wage standard.

The minimum wage is applicable to part-time workers, that is, the average daily working time in the same employer is not more than 4 hours, and the working time per week is not more than 24 hours.

The minimum wage standard does not include the social insurance premiums paid by workers and individuals.

The 2015 World Economic Forum's inclusive growth and development report fully demonstrates the link between the minimum wage policy and inclusive development.

"Inclusive development" is to bring benefits and benefits brought about by globalization and regional economic integration to all countries, so that the benefits and wealth generated by economic growth will benefit all groups, especially to the disadvantaged and underdeveloped countries.

The report indicates that inequality usually originates from the labour market, so a comprehensive labor market policy, including minimum wage, is crucial to solving inequalities and protecting economic growth and increasing benefits to everyone.

The report pointed out that the International Labour Organization data show that between 2006 and 2010, the low wage and high unemployment in the United States were the incentives for inequality to rise by 140%.

When it comes to the minimum wage, we have to say that the working hours are increasing. Since the industrial revolution, the average working hours of individuals have been rising. But after World War II, the working hours are beginning to shorten. But as the cost of living increases and the global economy is recovering, the working hours of many countries and regions have been prolonged. For example, the United States is now facing the social problem of overtime.