Explain the objectives, scope and coverage of the minimum wages act, 1948
Answers
The Minimum Wages Act has passed in the year 1948 and came into the force on 15th March 1948. The main philosophy for the minimum wages to act with a sign on the conditions in India.
It is the main preamble for the Minimum Wages on an act in the year 1948 on mixing of two years in individual employment and is incredible to schedule and to act extends to whole India.
Objectives of Minimum Wages Act- The logic behind Minimum Wages Act is to enable both the Central and State Governments to determine minimum wages in certain employments to prevent the exploitation of employees.
The scope of Minimum Wages act- In a country like India where unemployment is a pressing concern, workers can be made to work at starvation charges.
By fixing the minimum wage, without considering the capacity of the employer, there will be general welfare of the laborers.
Coverage- Wages should be able to cover all the basic necessities of the employee which include house accommodation, light, food, medical etc.