Key Highlights
Most countries tend to formulate laws called Employment Protection Legislations (EPL) to protect workers from micro-economic shocks in the labour market. These laws are usually enshrined in the "Decent Work Bill" , as christened by the International Labour Organization (ILO), and usually customized at the national level. In tandem with international best practice, Liberia has endeavored to pass such laws through the representatives of people in the national legislature. As anticipated, fierce debates ensued between two main blocks in the legislature. One block of lawmakers believes that the Decent Work Bill must be passed without the setting of the national minimum wage. The other block believes that the minimum wage must be set concomitantly with the passage of the Decent Work Bill.
The proposed article will offer some suggestions in setting a national minimum wage for Liberia. It will highlight the economic consequences of minimum wage fixing and the relevance of the formulation of the the minimum wage board in Liberia ,etc.
