Should international trade agreements mandate a binding global minimum wage — to prevent wage dumping?
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Context
Corporations relocate production to low-wage countries. A global minimum wage would level this advantage but could disadvantage developing nations. The ILO has proposed minimum standards for years. The EU adopted a directive on adequate minimum wages in 2022.
Real-world source
International Labour Organization · 6/22/1970
Convention No. 131 — Minimum Wage Fixing
Nearest real-world instrument — the question goes beyond it.
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