 |
11. Trade and industry standards
|
|
| |
Article 105-Minimum
wages and awards |
|
| 105.1 |
Minimum wages and awards |
|
| |
While the members of the Nation respect the free and fair mechanisms of a dynamic and open market to set the competitive level of prices and wages, it is encumbered to government to ensure the determination of what is considered the minimum wages and what is fair. |
|
| |
It shall be a primary goal of the Nation to set the minimum wage standards for all citizens of the Nation and that this minimum wage is justified in being raised progressively as living standards increase. |
|
| |
While labour costs represent a major cost input for all employers, the Nation shall achieve such objectives without unduly penalising employers and industry by constantly seeking to streamline the cost of doing business so that tared-offs in improving the minimum wage for all workers can be achieved without unfairly penalising companies. |
|
| 105.2 |
The duty of companies and the community |
|
| |
While in strict economic models ,the sole purpose of a company might be said merely to make profits on behalf of the shareholders, the Nation reject such immoral and non-coimmunity centric models. |
|
| |
A corporation stands to benefit from providing services to a community and employing community members. It has legal standing and obligations to the community. While the Nation seeks to promote profitable business throughout all member states, this Charter seeks to promote the ethical condct of business whereby corporations honour their moral obligations to help improve the communities from which they themselves benefit. |
|
| |
In this way, companies should themselves see the goal of rising living standards not as a barrier to trade but a necessary obligation and duty for all community members. |
|
| |
|
|
| |
|
|
| |
|
|
| |
|
| |
Copyright © 2009 United-Korea.Org. All rights reserved.
|