Abstract
The purpose of the study is to characterize the problem of implementing the principles that guarantee a decent wage. Based on this goal, the author set such tasks as: 1) to determine the essence of the category "wages" in the mechanism of realization of the right of a person to work; 2) to characterize the purpose of wages as a component of meeting human needs; 3) to establish directions of increase of efficiency of realization of principles of payment of work. The validity and reliability of the obtained scientific results are ensured by the use of a system of general philosophical, general scientific and special scientific methods of cognition. The decisive role in the study was played by general philosophical methods, among which the leading place is occupied by the dialectical method, the system-forming method, the method of forecasting. It is concluded that the level of wages is influenced by a set of macroeconomic and microeconomic external and internal factors, where the role of the latter is played by the level of labor productivity, scale and profitability of the enterprise, wage costs. It is emphasized that the achievement of the appropriate level of efficiency of labor law, which determines the mechanism of legal regulation of wages, should be based on the introduction of a system of public management of labor standards.
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