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The financial market in general is where supply and demand for funds are met. In other words, funds saved in the financial market are directed to investments in order to contribute to the economy. In the Macedonian financial market, the banking sector is really dominant but also pension funds and insurance funds have an active role. This research will be studied the distribution of pension funds’ portfolios in the North Macedonian financial market. The global financial crisis in 2008 negatively affected the economies and financial markets of many countries, including the USA and Europe, and the effects of the crisis continued until 2013. This negatively affected the confidence in the financial markets, and the current surplus of funds was directed towards low-risk but fixed or low-yield financial instruments. As of 31.12.2018, fund accumulation in private pension funds amounted to 1.04 billion euros, corresponding to approximately 10 percent of GDP. The total premium production of insurance companies is around 157 million euros, while the GDP ratio of premium production is around 1.5 percent. Funds collected in both sectors are generally used in treasury bills, bank deposits, and stocks traded on the Macedonia Stock Exchange and foreign financial markets.

The wage level that employers cannot legally go below by setting a floor limit on wages is called the "minimum wage". In other words, the minimum wage is usually the lowest wage determined to meet the basic needs of workers. This wage is set to raise the living standards of workers and to reduce poverty. As a result of the increases in food prices in international markets in 2021 and especially in 2022, a food crisis emerged in the world economy in 2022. While the effects of the COVID-19 pandemic were overcome in 2021, the prices increased as a result of increased demand, on the other hand, at the beginning of 2022, the Russia-Ukraine tension triggered the food crisis while pushing food prices up. While rising prices affected fixed incomes the most, it became necessary to increase the minimum wage. Increasing the minimum wage encourages consumption by reducing poverty and increasing fixed income (workers) well-being. The increase in the minimum wage encourages consumption by reducing poverty and increases the welfare of the fixed income (workers), and on the one hand, increases the costs of the producers and leads to a decrease in production and unemployment. While increases can help improve workers' living standards, they can also have negative effects, such as reducing worker numbers or increasing costs for some businesses. The main purpose of this research is to examine that while increasing the minimum wage in the inflationary period is inevitable, it will again increase the general level of prices and trigger inflation.

The wage level that employers cannot legally go below by setting a floor limit on wages is called the "minimum wage". In other words, the minimum wage is usually the lowest wage determined to meet the basic needs of workers. This wage is set to raise the living standards of workers and to reduce poverty. As a result of the increases in food prices in international markets in 2021 and especially in 2022, a food crisis emerged in the world economy in 2022. While the effects of the COVID-19 pandemic were overcome in 2021, the prices increased as a result of increased demand, on the other hand, at the beginning of 2022, the Russia-Ukraine tension triggered the food crisis while pushing food prices up. While rising prices affected fixed incomes the most, it became necessary to increase the minimum wage. Increasing the minimum wage encourages consumption by reducing poverty and increasing fixed income (workers) well-being. The increase in the minimum wage encourages consumption by reducing poverty and increases the welfare of the fixed income (workers), and on the one hand, increases the costs of the producers and leads to a decrease in production and unemployment. While increases can help improve workers' living standards, they can also have negative effects, such as reducing worker numbers or increasing costs for some businesses. The main purpose of this research is to examine that while increasing the minimum wage in the inflationary period is inevitable, it will again increase the general level of prices and trigger inflation.

The financial market in general is where supply and demand for funds are met. In other words, funds saved in the financial market are directed to investments in order to contribute to the economy. In the Macedonian financial market, the banking sector is really dominant but also pension funds and insurance funds have an active role. This research will be studied the distribution of pension funds’ portfolios in the North Macedonian financial market. The global financial crisis in 2008 negatively affected the economies and financial markets of many countries, including the USA and Europe, and the effects of the crisis continued until 2013. This negatively affected the confidence in the financial markets, and the current surplus of funds was directed towards low-risk but fixed or low-yield financial instruments. As of 31.12.2018, fund accumulation in private pension funds amounted to 1.04 billion euros, corresponding to approximately 10 percent of GDP. The total premium production of insurance companies is around 157 million euros, while the GDP ratio of premium production is around 1.5 percent. Funds collected in both sectors are generally used in treasury bills, bank deposits, and stocks traded on the Macedonia Stock Exchange and foreign financial markets.