Abstract

This article aims to provide insight into the fixing of minimum wages and how the economic aspects such as the cost of living index, consumer price index, and demand and supply of products play an essential role in it. This article focuses on the manufacturing sector, narrowing it down to the liquor manufacturing industry workers. The data on minimum wages were collected from the official websites of each government (labor commission). It is found that most of the states mostly focus upon the consumer price index and do not provide minimum wages industry wise and only few states fix minimum wages different for each type of industry. The Occupational wage survey identifies this issue and the productivity level of industries to be taken as a factor suggested for better welfare of workers.

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.