Though it is irrefutably correct that the recent amendments carried out to the Payment of Bonus Act,1965 have increased the financial burden of employers in the wake of a spate of amendments to other labor legislations like the ESI Act,1948, EPF Act,1952, the PW Act,1936 etc., together with the periodical addition of more and more employments under the MW Act,1948, it can not be viewed so isolatedly. One has to think in terms of the shrinkage in the real wages of the working class due to the constant rise in prices. In the words of Cohen " Law is a science of social adjustment; its main object being to establish socio-economic justice and remove the existing imbalances in the socio-economic structure."
20th April 2018 From India, Salem
20th April 2018 From India, Pune