Abstract
At present, at a time of incoming recession in the global and domestic economy, wages are an important tool in the labor market. The paper aims to analyze the development of average and minimum wages from the perspective of the Slovak Republic and its regions. At the same time, using correlation analysis, we analyze the relationship between wages and the educational structure of the region's population and registered unemployment in the region. The analyzes showed that average wages are constantly growing. The highest wage is in the Bratislava region, while in the Prešov region it was up to 38% lower. While in the Bratislava region the ratio of the minimum wage to the regional average wage was at the level of 38%, in the Prešov region it reached almost 62%. Based on the results of the correlation analysis, it can be stated that the impact of the monitored attributes on the average monthly wage varies from region to region. We observe the most significant differences for the Bratislava region in comparison with the remaining Slovak regions.
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