The Minimum Wage and Its Impact on Unemployment in the Czech Republic

Minimum wage remained unchanged for many years. Politicians and even a large part of the business sector could not agree with previously spoken rule that raising the minimum wage has a negative impact on the overall unemployment rate of the country. The article therefore initially concentrated on the development of the minimum wage in the Czech Republic, its comparison with other European Union member states and tries to fi nd the answer by empirical methods whether the raising of the minimum wage in the Czech Republic has a really economic impact on the unemployment in this country.