The impact of constant minimum wage increase on poverty reduction in developing country
Authors
Ayzada Kurmanova
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Annotation
Poverty in Kazakhstan is understood as the state of the economic situation of an individual or an entire social group, in which they cannot satisfy a certain range of minimum needs necessary for life, preservation of working capacity, procreation. Currently, in our country, the poverty line is the level of the subsistence minimum. According to Kazakhstani legislation, the poor strata of the population who are entitled to receive social support include citizens who have an average per capita income below the subsistence level established in the corresponding subject of the Republic of Kazakhstan. In this article the effect of minimum wage regulation on poverty reduction in developing country is observed.
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Authors
Ayzada Kurmanova
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References:
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