- Minimum wage and its relevance to socio-economic progress in the Lao People's Democratic Republic : A workers' perspective pdf - 4.2 MB
The Lao People’s Democratic Republic is undergoing rapid demographic growth and urbanization, which is creating challenges in employment, especially for youth, women and rural migrants. This trend will trigger an increase in salaried workers in non-agriculture sectors and urban areas. With a potential for faster and bigger economic expansion, the minimum wage system becomes a central stage for policy development related to employment, living standards, poverty reduction and social security. A visionary minimum wage policy would serve as a basis for an inclusive economic growth model for the country, with better jobs and shared prosperity. The country needs to establish a solid minimum wage fixing mechanism that is supported by all essential services and statistics from a standing institution. This case study provides insights to tripartite partners in the Lao People’s Democratic Republic and abroad on minimum wage fixing and aims to generate a debate on the minimum wage system. With no other apparent research on the minimum wage in the country, this paper’s analysis should be useful for further studies on wages and relevant policies.