Explanation:

• The Code on Wages, 2020 introduces the concept of a floor wage, which empowers the central government to fix floor wages taking into account the minimum living standards of workers. 
• The floor wage is a baseline wage below which minimum wages cannot be fixed by state governments. 
• The Wage Code permits the fixation of different floor level wages for different geographical areas. However, this has given rise to the fear of flight of capital from areas where the wage is higher to areas where the wage is lower.
• There is also fear that it will lead to fixation of low wages by state governments in a bid to attract greater investments thus depressing the minimum wage.
• Also, the wage rules do not outline the exact criteria and methods for fixation of floor wage rates by the Central Government.

Hence both statements are correct.