The purpose of this article is to present the most essential aspects of minimal wage institution functioning in the current international law, as well as to conduct an anal­ysis of several selected legal end economic issues connected with the amount of remuneration payed to employees and its minimum rate. They seem significant in connection to political events that are nowadays taking place in some Eu­ropean countries. The key legal acts issued by s ubmitted by ILO will be ana­lyzed, while s pecial attention will be placed on t he provi­sions of the Convention because of their particular status in the International Labor Organization’s legal acts’ system. What is more, the conclusions regarding this issue in the economic context will be drawn. It will allow for the explanation of this issue based not only on economic policy considerations, but also one which is closely connected with current state of international law.