Minimum Wage

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Mr. Higgin defined the concept of the minimum wage as the lowest wage amount paid to an unskilled worker who is a human living in a civilised society. The minimum wage in India till 2018 was Rs. 375/day which also meant that every unskilled labor should at least get Rs. 9750/ month. Minimum wage should be such that the worker is able to fulfil his basic necessities adequately. Laws and acts have been made to ensure the payment of minimum wage so that no employee is exploited, poverty is reduced, and the standard of living also improves. Critics consider this economically taxing for business.

Also Read: The Different Kind Of Wages And The Time To Pay Them

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Sukriti Saini

Sukriti Saini works as a content marketing strategist at HROne. She has done Bachelors in Journalism from Delhi University and carries several years of experience in content development. HR trends, Productivity, Performance and topics related to Employee Engagement garner most of her writing interest here. During leisure, she loves to write and talk about fashion, food & life.

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