Living wage for workers in conditions of industrial development in Vietnam

Abstract

The living wage is defined by researchers as the salary that workers receive during normal working hours, which is enough to maintain a decent standard of living for themselves and their families. Therefore, it is different from the concept of minimum wage being applied as a basis for paying wages to workers today. Vietnam's minimum wage is calculated as the minimum to escape poverty, but not the minimum wage to ensure a decent minimum living in a developed economy. The minimum level to escape poverty is often applied in the condition that the country prioritizes economic development, but in the current period, the minimum wage must be a living wage to realize inclusive and inclusive development. leave behind. In the condition that Vietnam has become a middle-income country, the minimum wage Vietnam needs to aim for must be a living minimum wage. Therefore, this article analyzes the basis of paying a living wage for workers in Vietnam in the context of changing the economic model from the traditional to the industrial development model in Vietnam today.