A Minimum Wage Solution to Halving World Poverty by 2015: A Stakeholder Approach

IIMB Management Review (Elsevier Science) 25(1):6-18, available at ssrn.com

32 Pages Posted: 13 Jul 2009 Last revised: 27 Sep 2014

See all articles by Arvind Ashta

Arvind Ashta

CEREN EA 7477 Burgundy School of Business - Université Bourgogne Franche-Comté

Date Written: 2013

Abstract

The UNDP has set Millennium Goals which include the halving of world poverty by 2015. This can be viewed in the light of enlightened self interest, including noneconomic interest, within the above view. This was translated into reducing by half the number of people living in abject poverty. We examine some existing poverty reduction solutions which are being experimented with, including aid (with central planning with participatory development), property rights, education, microfinance, bottom of the pyramid inclusion, and public sector employment, and find that these have been inadequate to the task, even conjointly. We add a minimum wage based solution.

Keywords: poverty, bottom of the pyramid, development, microfinance, aid, minimum wage, employment

JEL Classification: E24, J3, I3, O01, O01, O02

Suggested Citation

Ashta, Arvind, A Minimum Wage Solution to Halving World Poverty by 2015: A Stakeholder Approach (2013). IIMB Management Review (Elsevier Science) 25(1):6-18, available at ssrn.com. Available at SSRN: https://ssrn.com/abstract=1433089 or http://dx.doi.org/10.2139/ssrn.1433089

Arvind Ashta (Contact Author)

CEREN EA 7477 Burgundy School of Business - Université Bourgogne Franche-Comté ( email )

29 rue Sambin
21000 Dijon
France

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