Description
Since the beginning of the social organization of work, the minimum wage has
played an important role in the lives of workers, seeking to ensure that they
receive a decent remuneration for their labor. In Brazil, this value is annually
readjusted and, in 2007, it was proposed that this readjustment should be based
on a mathematical formula composed of the Gross Domestic Product and the
inflation index measured by the National Consumer Price Index, obtaining thus
real gains above the general increase in prices. This study aims to understand
the behavior of the minimum wage after implementing this rule, comparing its
evolution to the different levels of inflation measured in Brazil and evaluating its
efficiency according to the new variables added to its readjustment. Through this
study, it was observed that the minimum wage presented real gains when
applying the Gross Domestic Product as a variable of increase to inflation,
however it was also observed that after economic crises where the variation of
the Gross Domestic Product was negative, there was no significant increase
above the inflation in the minimum wage gains for workers.
