In a village, construction of road is going on. Due to which some laboures are hired for this long term project. Laboures have agreed to do the job under following conditions. Condition-1: Group-A laboures want their wages to increase by 40 after every six months. Taking their initial wage as x (December 2011) and present wage as y (December 2012). Condition-2: Group-B laboures want their wages to increase by t 30 after each year. Taking their initial wage as a (December 2011) and present wage as b (December 2012).
1.According to 1 condition, form a linear equation showing their present wage in December 2012.
Answers
This definition refers to the binding nature of minimum wages, regardless of the method of fixing them. Minimum wages can be set by statute, decision of a competent authority, a wage board, a wage council, or by industrial or labour courts or tribunals. Minimum wages can also be set by giving the force of law to provisions of collective agreements.
The purpose of minimum wages is to protect workers against unduly low pay. They help ensure a just and equitable share of the fruits of progress to all, and a minimum living wage to all who are employed and in need of such protection. Minimum wages can also be one element of a policy to overcome poverty and reduce inequality, including those between men and women, by promoting the right to equal remuneration for work of equal value.