Minimum Income and the ‘Working Poor’ Phenomenon
- DOI
- 10.2991/iscfec-18.2019.218How to use a DOI?
- Keywords
- income; earnings; wages; subsisntence minimum; minimum wage, income distribution
- Abstract
The article discusses the “working poor” phenomenon and issues relating to sociology and labour economics. Firstly, it provides an overview of the poverty assessment. The authors suggest that the methodology used for estimating the poverty level needs to be improved to develop an integrated approach taking into account both the expenditure structure and the household income level. It also analyzes the social and economic aspects of the negative trend that has been significantly high for years. According to the recent data from the Russian national statistical service over forty percent of all Russians with full-time employment still do not earn enough to live with dignity. This is causes the social tension along with purely economic problems such as the reduced consumption, the deficit of household savings, the complicated system of social assistance, the growth of “shadow” economy, the shortage of GDP and the rejection of skilled labour. Finally, it discusses the possibilities to limit the problem. The authors’ study leads to the conclusion that the labour remuneration in market economy empowers employees to escape poverty. It is suggested that the human potential and the working force should be valued and wages should correspond to the labour performance. In particular, the increase in the minimum wage to the level of three subsistence minimums is required ensuring decent standards of living.
- Copyright
- © 2019, the Authors. Published by Atlantis Press.
- Open Access
- This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).
Cite this article
TY - CONF AU - T. V. Sabetova AU - N. M. Shevtsova AU - T. A. Zhurkina PY - 2019/01 DA - 2019/01 TI - Minimum Income and the ‘Working Poor’ Phenomenon BT - Proceedings of the International Scientific Conference "Far East Con" (ISCFEC 2018) PB - Atlantis Press SP - 957 EP - 962 SN - 2352-5428 UR - https://doi.org/10.2991/iscfec-18.2019.218 DO - 10.2991/iscfec-18.2019.218 ID - Sabetova2019/01 ER -