Corruption And The Wages Of Its Domestic Workers Essay

807 Words Nov 19th, 2015 4 Pages
This paper will study the relationship between a country’s perceived amount of corruption, and how that affects the wages of its domestic workers. The premise behind this paper is that a country that is perceived as being dishonest and corrupt would have lower wages. Corruption in government is seemingly always present in our world. This paper will try to determine if there is a correlation between a country’s perceived corruption and the monthly disposable income its workers earn with regression analysis. It is this paper’s goal to present empirical evidence and to provide a reason as to why some countries’ wages for workers on average are lower than some of their global counterparts.

One component of the world that has not developed or progressed and can be seen just as clear today as it has been throughout recorded history is corruption. Transparency International, an agency that works toward bringing corruption and those who wield it to light, defines corruption as “the abuse of entrusted power for private gain”. (1) Referring again to Transparency International, the effects of corruption are, the reduction of national wealth, the growth of market-oriented structure is hampered by corruption, and the investment in the country from foreign markets also takes a hit, again contributing to a worsening economy (Transparency International). The effect of this adverse leadership and its effect on economic performance, more particularly, the wage of workers will be examined…

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