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Showing posts with the label Wages

5 Reasons Romania Needs To Move Away From a Minimum Salary Economy

No matter how much I try, I can't stay away from Politics and Economics. The basics have remained unchanged since time immemorial; amass personal wealth and trade it for influence, or vice-versa. We're still living that same old rat race, and to some extent humanity always will be. I'm not going to say that there's a utopian solution that will change things, but I do think that there are certain man-made mechanisms that level the playing field, even if only slightly. One such mechanism, alien to Romanian employees and employers alike, is remuneration in the form of an hourly wage.  I've looked through the Romanian Labour Code and as far as I was able to find, there is nothing stopping employers from offering salaries based on an hourly wage. What does make things complicated is that, in Romania, the minimum wage is defined in terms of a monthly salary. Whereas the minimum wage in Ontario is $10.25/hr, the Romanian 'minimum salary according to the economy' ...