Minimal wage in Georgia (მინიმალური ხელფასი საქართველოში)

Abstract

In the conditions of the current global crisis, priority is given to the growth of labor productivity, its quality and efficiency. The successful solution of this task requires perfecting the organization of labor remuneration and its optimal state regulation. The role of the state in mentioned field is more social and its main function is to ensure the minimum level of income of the population. This last one, should be carried out by establishing a real subsistence minimum, a minimum wage and establishing an optimal ratio between them. In developed countries, the minimum wage is regulated on the basis of economic development, labour productivity, the level of average wages and the real value of the minimum consumer budget. The specific amount of the minimum wage is set at the national level by the legislature of the country, and its size in a particular area or region is determined by agreements concluded between trade unions and representatives of trade unions. This problem is particularly relevant for our country, because there is still no complete mechanism for the state regulation of the minimum wage and its defining legal framework. In the article is presented the analysis of formation the minimum wage and the peculiarities of its regulation, as well as the related legal framework in Georgia. Is formed basic principles of minimum wage formation, purpose and tasks. Special attention is paid to the evaluation of its advantages and disadvantages in connection with the establishment of the minimum wage by law. In the final part is given the main directions for the calculation of the minimum wage and the improvement of its state regulation in Georgia.