XGEN 2023 - International Conference of Scientific Communications

In this paper, essential aspects of the minimum wage are addressed, both in the context of Romania and globally. We have discussed the advantages, such as employee protection and stimulation of economic growth, as well as the disadvantages, including inflationary pressures and the impact on vulnerable sectors. Myths associated with the minimum wage have been debunked, highlighting misconceptions such as automatic increases in unemployment. The analysis has underscored the need for an informed balance and a careful approach to wage policies to ensure the well-being of employees and economic sustainability in the face of the complexities of the labor market.