Menu Content
Go Top

Economy

Minimum Wage to Stay Even Across Industries Next Year

Written: 2022-06-17 08:42:21Updated: 2022-06-17 11:11:52

Minimum Wage to Stay Even Across Industries Next Year

Photo : YONHAP News

The Minimum Wage Commission has decided not to introduce differential wages and apply the universal minimum wage across industries next year.

The commission, a trilateral panel composed of nine representatives each from labor, management and the general public, made the decision in a vote during a plenary session on Thursday. Eleven members voted for differential wages, while 16 others voted against.

Commission members representing employers called for differential wages, citing worsened conditions for the self-employed and small business owners with the COVID-19 pandemic.

However, members representing labor voiced clear opposition to the application of differential wages by industry, expressing concerns about potential side effects and social conflicts from the system.

Differential wages have been a focal point for next year's minimum wage as President Yoon Suk Yeol mentioned the need to apply a differential wage system by industry during his campaign.

Editor's Pick

Close

This website uses cookies and other technology to enhance quality of service. Continuous usage of the website will be considered as giving consent to the application of such technology and the policy of KBS. For further details >