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The purpose of this article is to present the most essential aspects of minimal wage institution functioning in the current international law, as well as to conduct an analysis of several selected legal end economic issues connected with the amount of remuneration payed to employees and its minimum rate. They seem significant in connection to political events that are nowadays taking place in some European countries. The key legal acts issued by s ubmitted by ILO will be analyzed, while special attention will be placed on the provisions of the Convention because of their particular status in the International Labor Organization’s legal acts’ system. What is more, the conclusions regarding this issue in the economic context will be drawn. It will allow for the explanation of this issue based not only on economic policy considerations, but also one which is closely connected with current state of international law.
The economic forum currently sees the postulate of a multi-dimensional analysis of economic issues, as exemplified by behavioural and institutional economics, cliometrics, wikinomics and others – taking into consideration of the achievements of cultural anthropology, sociology, ethics, philosophy, the history of economics, as well as selected exact sciences, such as mathematics and physics. The redistribution economics, the relationship between capital and labour, the issues of the precariat, guaranteed minimum income for each citizen – both conditional and unconditional, which is a new idea for economy and the society – become more and more apparent in the aforementioned areas. The idea stems from the criticism of neoliberalism, and it interferes with the system of values shaped under capitalism, the role of the welfare state, the welfare system from the perspective of institutions and beneficiaries, who would replace their current privileges with inalienable rights. The author recommends unconditional minimum income upon providing a characteristic of a wide scope of postulated solutions, implemented on an experimental scale and applied in the practice of social policy. The monograph, while constituting the author’s moderate manifesto, provides a wide – in terms of time, authors and trends in economy – review of the standpoints on the participation in the national income.
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