Nantong Regional Minimum Wage And Employment Relations

Minimum wage is a labor secure system internationally. When it comes to the relationship between minimum wage and employment, there are many studies on both theories and demonstrations abroad, while in China, such studies just dwelled in theoretical perspective. Moreover, minimum wage is more important to the workers who are in low level. Nantong is a coming city with rapid development on economy, and there the people who take low-level part time job are in the majority, which indicates that minimum wage plays an important role. In this study, panel data model is employed to do the quantitative analysis of minimum wage in Nantong. The main results are as follows: The investment in fixed assets is active and useful to GDP of Nantong. Minimum wage has restrain to the employment of Nantong. There is no significant effect in employment of the counties with the high GDP. Finally, further study is needed to act as the complementary part of this study.