{"id":86106,"date":"2019-07-05T17:21:53","date_gmt":"2019-07-05T11:51:53","guid":{"rendered":"http:\/\/factly.forumias.com\/?p=7769"},"modified":"2019-07-05T17:21:53","modified_gmt":"2019-07-05T11:51:53","slug":"economic-survey-2019-big-ideas-rationalise-minimum-wages-architecture","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/economic-survey-2019-big-ideas-rationalise-minimum-wages-architecture\/","title":{"rendered":"Economic Survey 2019 big ideas: Rationalise minimum wages architecture"},"content":{"rendered":"\n<ol class=\"wp-block-list\"><li>According to the Economic Survey 2019,India needs to have a mandatory national-level minimum wage to promote social justice and curb distress migration.<\/li><li>At present,minimum wages are fixed on the basis of the skill level, geographical areas,nature of work.This has led to a proliferation of minimum wages making enforcement a challenging task.<\/li><li>The Survey\u2019s recommendations are in line with the revised wage code bill which says fixing minimum wages based on either the level of skill or the geographical region or both. <\/li><li>This simplification in the structure is expected to bring down the number of minimum wages to 300 from about 2,500 wage rates that exist today.<\/li><li>Under this architecture,the Centre would notify a national floor minimum wage that could vary across the five geographical regions identified in the survey.This would serve as a floor wage.States have the option of fixing the wages at higher levels. <\/li><li>Further,these wages would be regularly adjusted presumably by the state-wise consumer price index for industrial workers.The wage should also be extended to all sectors of the economy covering both the formal and the informal sector.<\/li><\/ol>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to the Economic Survey 2019,India needs to have a mandatory national-level minimum wage to promote social justice and curb distress migration. At present,minimum wages are fixed on the basis of the skill level, geographical areas,nature of work.This has led to a proliferation of minimum wages making enforcement a challenging task. The Survey\u2019s recommendations are&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/economic-survey-2019-big-ideas-rationalise-minimum-wages-architecture\/\">Continue reading <span class=\"screen-reader-text\">Economic Survey 2019 big ideas: Rationalise minimum wages architecture<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3127],"tags":[3153],"class_list":["post-86106","post","type-post","status-publish","format-standard","hentry","category-economy","tag-national-minimum-wage","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704714220},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/86106","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=86106"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/86106\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=86106"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=86106"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=86106"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}