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Global Pressure and Minimum Wages

Guille, Howard (2007) Global Pressure and Minimum Wages. In Banerjee, Debdas & Goldfield, Michael (Eds.) Labor, Globalization and the State : Workers, Women and Migrants Confront Neoliberalism. Routledge, Hoboken, pp. 160-184.

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Abstract

Examines the pressures for labour flexibility made on national governments by the global financial institutions and the political responses of workers and unions. Documents how orthodox neo-liberal advice from the IMF and from Australia led to the minimum wage in Papua New Guinea being reduced in half and examines the employment and distributional consequences. Contrary to the orthodox wisdom, employment does not seem to have increased and there has been a major shift from labour to capital in the distribution of national income.

Impact and interest:

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ID Code: 7916
Item Type: Book Chapter
Additional Information: For further information, please contact the author: h.guille@qut.edu.au
Additional URLs:
Keywords: minimum wage, neo, liberal economics, Papua New Guinea, labour market deregulation, International Monetary Fund
ISBN: 9780203933343
Divisions: Past > QUT Faculties & Divisions > QUT Carseldine - Humanities & Human Services
Deposited On: 01 Jun 2007
Last Modified: 05 Nov 2013 12:48

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