Summary
The main purpose of this Policy Brief is to shed light on the ideal wage system for an economy, providing the public with valuable insights and exposure on this vital subject.
Developing comprehensive wage policies that encompass both floor and progression wage systems is important to ensure equitable wage growth for low-income and middle-income workers.
Floor wage provides a crucial safety net while the rewards individual performance, skill development, and productivity improvements, offering a clear path for career advancement and financial prosperity.
