The minimum wage and its relationship to the basket

Authors

  • Fátima Ninoska Guzmán Cisneros Estudante 2do año Carrera de Economia UNAN-Managua
  • Cristhiam Elieth Robleto Acevedo Estudante 2do año Carrera de Economia UNAN-Managua
  • María Félix Andino Moran Estudante 2do año Carrera de Economia UNAN-Managua

DOI:

https://doi.org/10.5377/reice.v2i4.1729

Keywords:

Minimum Wage, Basic Basket, Consumer Price Index, Inflation Economic Growth

Abstract

The purpose of this essay is to explain the relationship of the basic basket variables and minimum wage. Our purpose is to emphasize the gap between the two variables. The methodology of this paper is descriptive analytic where the behavior of the variables determining the minimum wage be evaluated. From the economic point of view in Nicaragua the problem is this: low wages with high prices of basic food products. With this result it is evident that further developments will occur in the gap of minimum wage and cost of the basket, making every day a utopia minimum wage equal to the cost of the basket.

DOI: http://dx.doi.org/10.5377/reice.v2i4.1729

REICE Vol. 2, No. 4, julio-diciembre 2014: 110-124

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Published

2015-01-21

How to Cite

Guzmán Cisneros, F. N., Robleto Acevedo, C. E., & Andino Moran, M. F. (2015). The minimum wage and its relationship to the basket. Revista Electrónica De Investigación En Ciencias Económicas, 2(4), 110–124. https://doi.org/10.5377/reice.v2i4.1729

Issue

Vol. 2 No. 4 (2014): julio - diciembre

Section

Young Researchers and Entrepreneurs

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