Akshma Gupta, University of Petroleum & Energy Studies
ABSTRACT
The minimum wage is defined as "The minimum amount of compensation that an employer is compelled to pay wage earners for the job completed during a certain period and that cannot be decreased by a collective agreement or an individual contract is known as a minimum wage." The goal of minimum wages is to shield employees from unfairly low pay. They contribute to ensuring that everyone receives a fair and equal share of the benefits of progress as well as a decent wage for all people who are working and in need of such protection. A policy to combat poverty and lessen inequality, especially between men and women, can also include minimum wages as one of its components.
The Researcher in this Research Paper will be dealing with what minimum wages are as per the act and as per ILO Provisions. The researchers will also take the readers through the constitutional validity of the minimum wage act and how minimum wages ensure the labour welfare of the workers.
The new code on wages has subsumed the minimum wages act and the scope of the act has widened its applicability. Various conventions by ILO have been given to ensure minimum wages are provided to workers. A lot of questions have been raised by employers on the constitutional validity of the act and various judicial decisions have determined the same. Minimum wages act as a safeguard for workers to protect them against exploitation by employers.
Keywords: Minimum Wages, International Labour Organisation, Constitutional Validity, Labour Welfare
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