Conclusion – Minimum Wages Act, 1948
The Minimum Wages Act of 1948 sets a legal framework for regulating and fixing minimum wages and therefore guaranteeing workers earn a fair compensation. This promotes economic stability and helps prevent exploitation of labor. As a significant safeguard of social justice, which can play an important role in reducing income differences and raising the welfare level for all workers, it is essential that such work be carried out by unionists on virtually every shift at whatever time may offer more opportunities.
Minimum Wages Act, 1948
Minimum Wages Act, 1948: The minimum wages act of 1948 formulates a legal method to assess reasonable compensation, as well as address economic injustices and prevent exploitation. The Act applies to a wide range of industries and types of employment. The government is able periodically to revise or adjust minimum wage rates based on variable factors including cost of living in society and skill levels.
In this article, we will look into the applicability, provisions, objectives, features, implementation, and recent updates of the Minimum Wages Act of 1948.
Table of Content
- What is Minimum Wages Act?
- Applicability of Minimum Wages Act
- Minimum Wage Under the Minimum Wages Act 1948?
- Key Provisions of the Minimum Wages Act 1948
- Objectives of Minimum Wages Act 1948
- Features of Minimum Wages Act 1948
- Implementation of Minimum Wages Act, 1948
- Challenges in the Enforcement of Minimum Wages Act 1948
- Recent Amendments and Updates about Minimum Wages Act