India’s Transition from Minimum Wage to Living Wage

• India aims to replace its minimum wage system with a living wage framework by 2025, seeking assistance from the International Labour Organization (ILO) for technical support in creating and implementing this transition.
• The living wage is the income necessary for workers and their families to afford a decent standard of living, considering the country’s circumstances and calculated for normal working hours.
• Despite the passage of the Code on Wages in 2019, implementation remains pending, with proposed universal wage floors applicable across all states.
• Stagnant national wage floors since 2017 have led to disparities in wage payments, particularly affecting the vast unorganized sector where 90% of India’s workforce is employed.

Also Read: International: Weekly Current Affairs Bitbank (February 5 to 11, 2024): With which country does Sri Lanka aim to establish a Free Trade Agreement by the end of 2024?

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Published date : 27 Mar 2024 05:22PM