Question

Fixation and Revision of Minimum Wages.

22 Apr 2024
Answer :
Word Count : 421

The fixation and revision of minimum wages are crucial aspects of labor policy aimed at ensuring fair compensation for workers, protecting their economic interests, and promoting social justice. Here's an explanation of the process involved in fixing and revising minimum wages:

1. **Fixation of Minimum Wages**:
   - **Constitutional Mandate**: The Constitution of India empowers both the central and state governments to fix and revise minimum wages for various categories of workers.
   - **Tripartite Mechanism**: The fixation of minimum wages typically involves a tripartite mechanism comprising representatives from the government, employers, and workers' organizations. This ensures a balanced approach taking into account _____ ___ ___ _______ __________ _____ ______ ____.
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