Collective Bargaining
Germany, Italy, Sweden and Denmark are examples of developed nations where there is no minimum wage that is required by legislation. Instead, minimum wage standards in different sectors are set by collective bargaining.
Read more about this topic: Minimum Wage, Alternatives
Famous quotes containing the word collective:
“Perhaps one reason that many working parents do not agitate for collective reform, such as more governmental or corporate child care, is that the parents fear, deep down, that to share responsibility for child rearing is to abdicate it.”
—Faye J. Crosby (20th century)