"The current National Floor Level Minimum Wage (NFLMW) fixed by the Centre in 2011 is Rs.115 a day. But under the 1948 law, States are free to set their own minimum. As a result, the rates significantly, and as many as 21 States still fall below the national minimum.
The Hindu : Opinion / Editorial : Working for labour: Amendments to the Minimum Wages Act are thus critical to a guaranteed subsistence income for millions of unskilled labourers, including women, who fall well below the standard human development indicators."
Also, it is erroneous to reason that expenditure on the workforce is a burden, rather than a necessary investment to enhance value and raise the productivity of enterprises. Even in countries that have embarked upon the deregulation of labour markets, social and welfare protection mechanisms exist which provide a society-wide cushion to the unemployed or indigent.
The Hindu : Opinion / Editorial : Working for labour: Amendments to the Minimum Wages Act are thus critical to a guaranteed subsistence income for millions of unskilled labourers, including women, who fall well below the standard human development indicators."
Also, it is erroneous to reason that expenditure on the workforce is a burden, rather than a necessary investment to enhance value and raise the productivity of enterprises. Even in countries that have embarked upon the deregulation of labour markets, social and welfare protection mechanisms exist which provide a society-wide cushion to the unemployed or indigent.
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