The Minimum Wages Act 1948 is an Act of Parliament concerning Indian labor law that sets the minimum wages that must be paid to skilled and unskilled laborers.

The Indian Constitution has defined a 'living wage' that is the level of income for a worker which will ensure a basic standard of living including good health, dignity, comfort, education, and provide for any contingency. However, to keep in mind an industry's capacity to pay the constitution has defined a fair wage. A fair wage is that level of wage that not just maintains a level of employment but seeks to increase it keeping in perspective the industry's capacity to pay.
#minimumwages #industriallaw #bba

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