International Journal of Frontiers in Sociology, 2023, 5(12); doi: 10.25236/IJFS.2023.051223.
Mengyuan Bai
Qingdao University of Science and Technology, Qingdao, 266061, China
In recent decades, the economic society of France has been in the predicament of "three high and one low". The three governments of Sarkozy, Hollande and Macron are committed to reconciliating the contradictions between enterprises and employees, as well as between collective interests and individual interests through the form of laws. Corresponding to this is China's "Minimum wage Regulations" implemented on March 1, 2004, both of which aim at stabilizing social order and increasing overall social income from a macro perspective. Cador-hicks improvement is the simplest and most direct model for utility improvement today. It is a common Cador-Hicks improvement model to realize the growth of social resources through institutional reform of a certain social phenomenon. Based on the reform of labor law in France and the different reform measures adopted in China, this paper analyzes the game between legislators and market participants and explores the role of legal rules in balancing multi-interest and promoting social coordination and cooperation.
Labor law reform; Minimum wage standards; macro-control
Mengyuan Bai. The Utility of the Legal System in Cador-Hicks Improvements: Take the Kumri Act in France and the Minimum Wage System in China as Examples. International Journal of Frontiers in Sociology (2023), Vol. 5, Issue 12: 147-152. https://doi.org/10.25236/IJFS.2023.051223.
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