Agricultural and Biological Sciences
3 years ago

Morocco's High Minimum Wage Impacting Economy and Youth Unemployment

International Journal of Financial Accountability Economics Management and Auditing (IJFAEMA)
The minimum wage remains significantly high in Morocco
Mohamed Abrich, Mohamed Amine Lahlou

Paper Summary

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Morocco has had a high minimum wage since 1936, with increases decided through discussions among different groups. Despite multiple wage hikes since the 2000s, their impact on the economy hasn't been studied. A recent report looks at how these wage increases affect key economic factors in Morocco. It examines how the minimum wage is set and its effects on things like wages, employment, and youth joblessness. The report also predicts how raising the minimum wage could impact the Moroccan economy using a model based on the IMF's FSGM model.