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To the Lighthouse - towards a global minimum wage: building on the international poverty line

Citation

Bolwell, D, To the Lighthouse - towards a global minimum wage: building on the international poverty line, Australian Bulletin of Labour, 42, (1) pp. 1-37. ISSN 0311-6336 (2016) [Refereed Article]


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Copyright Statement

Copyright 2016 National Institute of Labour Studies

Official URL: http://www.flinders.edu.au/sabs/nils/publications/...

Abstract

This article outlines how a global minimum wage might be introduced having regard to the political, institutional, and technical barriers in its way. It reviews the issues surrounding minimum wages in the context of globalisation, and assesses the evolution of labour standards in developing countries with a view to their application to a new minimum wages regime. The proposed global minimum wage rests on four pillars: (i) the World Bank’s international poverty line recalculated as a universal wage floor; (ii) an electronic lighthouse that provides the global minimum wage translated for each developing country, and for the informal sector; (iii) involvement of the widest range of stakeholders; and (iv) commercialisation of its monitoring and remediation. The International Labour Organisation–World Bank ‘Better Work’ program is discussed as an example of how its governance might proceed.

Item Details

Item Type:Refereed Article
Research Division:Studies in Human Society
Research Group:Political Science
Research Field:International Relations
Objective Division:Law, Politics and Community Services
Objective Group:International Relations
Objective Field:International Political Economy (excl. International Trade)
Author:Bolwell, D (Mr Dain Bolwell)
ID Code:111612
Year Published:2016
Deposited By:Social Sciences
Deposited On:2016-09-26
Last Modified:2017-06-23
Downloads:0

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