will the employer pay the minimum if there is inadequate profit under the Minimum Wages Act 1948
Answers
Explanation:
The act is legally non-binding, but statutory. Payment of wages below the minimum wage rate amounts to forced labour.
Answer:
Under the Minimum Wages Act, 1948, an employer is required to pay a minimum wage to their employees.
Explanation:
The Act sets out the minimum wage rates for various categories of workers, and the employer is required to pay at least this amount to their employees, regardless of their profitability.
In other words, the employer cannot use lack of profits as an excuse to pay their employees less than the minimum wage. The Act applies to all establishments and industries, including those in the private sector and government-owned enterprises. Employers who fail to pay the minimum wage can be held liable and face penalties, including fines and imprisonment.
The Minimum Wages Act is an important piece of legislation that aims to protect the rights of workers and ensure that they are paid a fair wage for their work. By setting minimum wage rates and enforcing compliance, the Act helps to reduce poverty and promote social justice.
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