The Study On The Moderation Of The Minimum Wage Standard In The Background Of Financial Crisis

Minimum wage is the lowest remuneration of labor pays by the employer if the workers provide normal work in the working hours or in the hours which is agreed by the legal labor contract. Minimum wage system is a necessary means for the government intervening in the labor relations, which guarantees the basic living requirements of workers, especially low-income workers and their family.The research object of this thesis is "The Moderation of the Minimum Wage Standard in the background of Financial Crisis", and the breakthrough is the inconsistency between the steady rising of Chinese economy, the gradual rising of living costs and the suspension of minimum wage standard adjustment This thesis studies on status quo, determinants and measurement methods in terms of minimum wage standard, which emphasizes the attention to the real-life problem and the combination of the quantitative and qualitative research methods, while focusing on the explanation of the theoretical knowledge.Taking Beijing as an example, using the statistical data which is promulgates by the government in 1998-2008, this thesis makes an positive research on the moderation of minimum wage standard in Beijing, by the methods such as grey relational analysis, regression analysis and ratio analysis, and has demonstrated that the current standard is low. Then the thesis points out five problems of current minimum wage system in the aspects of system development, measurement method, adjustment cycle, execution environment and supervision system, finally, puts forward the corresponding policy recommendations.