WSEAS Transactions on Business and Economics
Print ISSN: 1109-9526, E-ISSN: 2224-2899
Volume 19, 2022
Investigating the Impact of Minimum Wages on Jordan’s Industrial Exports
Authors: Shadi Arshid Muslim Saraireh, Ibrahim Marwan Khanji, Rula Mustafa Airout
Abstract: The purposes of the paper was to discusses the effects of minimum wages on industrial exports of Jordan and its main focus is on the empirical view of minimum wages and their significance in industrial exports in Jordan. A mixed-method approach has been selected where primary and secondary analysis of the data has been conducted to assess the impact of minimum wages on Jordan’s industrial exports. The key findings of the paper revealed that there is a significant and positive relationship between industrial exports and minimum wages. In addition, the Pearson correlational value is .411, which means there is a significant and moderate correlation between these two variables. Moreover, the standardized beta coefficient of minimum wages is .411, which is moderate. 1 % change in minimum wages brings about 41.1% changes in industrial exports. Therefore, it is concluded that there is a significant and positive influence of minimum wages on industrial exports. The researchers are intending to investigate the minimum wages in individual sectors, more precisely the influence of minimum wages on Jordanian pharmaceutical industry.
Keywords: Minimum Wage, Exports, Industrial Exports, Economy, Labor, Jordan
DOI: 10.37394/23207.2022.19.81WSEAS Transactions on Business and Economics, ISSN / E-ISSN: 1109-9526 / 2224-2899, Volume 19, 2022, Art. #81