Minimální mzda v ČR a její mezinárodní srovnání
Minimum Salary in the CR and Its International Comparison

Summary/Abstract: The minimum salary is one of the instruments of labour market policy. The goal of the article is to compare the level of minimum salaries in the Czech Republic, Great Britain and Taiwan, and explain the causes of deviations of development of this indicator in those countries. Comparing attitudes towards minimum salary in these countries, we find that in all three economies the liberal concept of minimum salaries is implemented. The rates of minimum salaries, with the exception of Great Britain are relatively low in absolute terms, compared with an average salary, even after taking different price levels into account. Great Britain has the higher nominal rate of the minimum salary, which reflects the high economic level of the country. Neither empirical researches nor economic theories give a conclusive answer to the impact of the benefits of the minimum salary. At present the labour market exceeds the supply of labour over demand and governments’ responses to the minimum salary retain the same level, which can be considered legitimate.

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