Nowadays determination of minimum wage in economy is one of the important subject in labor market. That action generally is for supporting of labor welfare condition. Determination of minimum wage has some important side effects in economy such as effects on labor cost and the cost of production as a whole.
This research indicates that increasing minimum wage will has positive effects on price level. The method of research in this paper is input – output method. According to the last input output tables in Iran, 24% increase in minimum wages of industry sector causes 0/21 % -0/61% increase in price level of sectors in the economy of Iran. The results show that the effect of minimum wage on price level is not notable.
isazadeh S. The Impact of Minimum Wage on The Level of Price in Industry Sector: A Case Study From Iran. qjerp 2015; 23 (74) :5-30 URL: http://qjerp.ir/article-1-321-en.html