After a tense tug-of-war between labor and management over next year’s minimum wage, a period was reached at 9,620 won, a 5% increase from this year.
After 8 years, the decision was made by meeting the deliberative deadline, but both labor and management are expressing regret at once.
In particular, the labor community strongly opposes and foretells a struggle, raising concerns about its repercussions.
We will discuss the related contents with Daeho Kim, Ph.D. in Economics.
hello?
Last night, the minimum wage for next year was set at 9,620 won, up 5% from this year. It seemed difficult to find a compromise due to the sharp clash of opinions between labor and management.
As it was the first deliberation of the minimum wage under the Yoon Seok-yeol administration, interest in the extent of the increase was high. It is said that this is the lowest rate of increase in the first year of a presidential term in the past 20 years. What was the level of increase in the past? What was the basis for the 5% increase rate?
After the minimum wage increase rate was decided, both the labor and management circles expressed dissatisfaction and protested. What is the reason? It seems highly likely that both sides of the labor and management will raise an objection. Is there any possibility of a retrial?
As production and investment rebounded last month, better indicators are showing than in April, when production, consumption and investment all decreased. The leading economic index also rose, but can we expect an economic recovery?
There are voices saying that it is impossible to guarantee whether the economic improvement will continue as the Ukraine crisis is prolonged and there are external risks such as the US taking austerity policies. As the cost of raw materials rises, many companies have predicted price hikes in the second half of the year, raising concerns about inflation. How do you see the Korean economy in the second half?
From today, applications for and payment of compensation for loss of COVID-19 small businesses in the first quarter of this year have started. To prevent congestion, a five-sub system will be implemented based on the last digit of the business registration number for ten days. What is the first quarter loss compensation target and compensation amount?
In particular, from this loss compensation, the scope of ‘loss compensation’ has been expanded to ‘medium enterprises’. The compensation level, such as the correction rate and the lower limit, has also been strengthened. How has it changed compared to before?
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