Assertion A Minimum wages in India are fixed in accordance with the levels of living and the labour ...........

Economic Affairs Employment related Issues

Assertion (A): Minimum wages in India are fixed in accordance with the levels of living and the labour participation ratios.

Reason (R): All workers covered by the Minimum Wages Acts are above the poverty line.

Which of these statements is/are correct?

Both A and R are true and R is the correct explanation of A

Both A and R are true but R is not the correct explanation of A

A is correct while R is wrong

A is wrong while R is correct

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Explanation:

Wage levels and distribution of wages are, to a large extent, influenced not only by skills and productivity levels, but also by the role of labour market institutions, particularly minimum wages and collective bargaining.

The Minimum Wages Act adopted in 1948, is considered to be an important piece of labour legislation. It is one of the few protections afforded to both regular and casual workers, and to workers in both the organized and unorganized sectors.

The Minimum of Wages Act applies to the following entities:

It applies to all over India except Jammu and Kashmir.
It applies to any employment if it employs 1000 employees in the respective state.
It does not apply to any employees in any undertaking owned by the Central government or of the federal railway, except with the consent of the central government.