Boschaeva Zoya Nikolaevna, Doctor of Economics, Professor of the Department of Management, Kalmyk state university n.a. B.B. Gorodovikov
Barsheva Dzhirgala Baatrovna, post-graduate student of the Department of Management, Kalmyk state university n.a. B.B. Gorodovikov
The article deals with the content of the concept of wages in terms of the actual development of production in countries. Wages are part of the newly created by enterprises and organizations of value, the purpose of which is an expanded reproduction of the workforce of workers. The growth of the needs of workers is a natural law, which it is senseless to oppose. Hence, the law of the necessary growth of the minimum wage is no less natural. This law enterprises and organizations must strictly observe.
KEYWORDS: wages, labor force, income, new value, developing countries.