The Minimum Wages Act of 1948 is not only a measure of social security for the poverty stricken workers, but it is also a device for improving the standard of living of the downtrodden and thereby paving the way for their betterment and ultimate welfare.
Introduction
The Minimum Wages Act of 1948 is
not only a measure of social security for the poverty stricken workers, but it
is also a device for improving the standard of living of the downtrodden and
thereby paving the way for their betterment and ultimate welfare.
The continuing tendency among the
employer is only to exploit the labourers who happen to be illiterates and who
never possessed the necessary prowess to fight against the ingenuity of the
employers.
The Minimum Wages Act
1. Assures wages so as to help the
workers to eke out their livelihood, at least to an extent of sustaining the
adversities, namely, rise in the cost of living.
2. Prevents the employers from
exploiting the labourers by paying wages far below their needs; and
3. Lays down principles for fixation of wages on a
need based scale.
Definition
Though Minimum Wages has not been
defined anywhere in the Minimum Wages Act, it can be defined generally. In
common sense, minimum wages is the bare subsistence money required by the
worker not only to meet the basic needs such as food, shelter and clothing but
it is also includes moneys required for medical expenses, education for
children and traveling expenses to a worker in a family. Family consists of
husband, wife, and two children.
Tags : Business Environment and Law-Minimum Wages Act, 1948
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