Year: 2026
Type: article
Abstract: This study aims to explore economic justice, focusing on fair minimum wages. It covers how other countries achieve economic justice, and discusses the ongoing problem of a wage gap that is insufficient to meet basic needs. This is important to examine, especially in developing countries. Despite many countries having minimum wage laws, there remains a gap between the low-paid workers and the cost of living. The factor that contributes to the worsening of this gap is that minimum wage laws are not properly enforced and adhered to. A comparative analysis of pay for workers among selected countries was carried out to address the issue at hand. We focus on the effectiveness of implementation from other countries which achieve a balance of fair wages, economic growth and a stable labour market. Data were collected from global organisations such as the International Labour Organization (ILO), the Organization for Economic Co-operation and Development (OECD), and the World Bank to identify efficient frameworks and policy tools. The results indicate that minimum wages should be implemented in good faith, regionally tailored, and combined with other wider labour market policies so that all workers can participate in inclusive economic development.
Institutions: Universiti Teknologi MARA System, Universiti Teknologi MARA
Language: English
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: bronze
Funder: Universiti Teknologi MARA
OpenAlex ID: W7203463577