The Minimum Wages Act came into effect to address these grave issues that threatened the integrity of the wage earners. People witnessed the introduction and enactment of the minimum wage in 1943. The Indian Constitution realized the significance of providing an ecosystem to protect the employees fro...
We can see how a small section receives a very small wage on the extreme left. The yellow circle highlights this minimum wage zone in which the wage-earners receive a meager amount as their wage. The minimum wage targets this yellow zone and to combat the unduly paid or the lowest-paid ...
The Effects of Minimum Wages on Employment: Theory and Evidence from Britain - Dickens, Machin, et al. - 1999 () Citation Context ... workers until 1943. Minimum wage fixing machinery was established for agriculture in the form of a wages board in 1924 for England and Wales and 1938 for...