What Exactly Are Minimum Wages? Let's Break It Down Together

Please tell me the Minimum Wages Definition???

Amit

Hi,

A minimum wage is the lowest hourly, daily, or monthly wage that employers may legally pay to employees or workers. First enacted in Australia and New Zealand in the late 19th century, minimum wage laws are now in force in more than 90% of all countries.

With thanks & regards,
V. Stephen Rosario
0091-9943917839
stephenrosario.hr@gmail.com
Tamil Nadu.

Dear friend,

Minimum wage could be determined as follows: calculate the minimum food charge and other basic expenditures in the surrounding hotel, and then pay the employee accordingly.

Regards,
R. Ramamurthy

My dear friend,

Please read the Unnichogi Vs. State of Kerala case, and you will arrive at the scientific basis of calculating minimum wages. For example, the amount of calories, DSIDC housing rates, and 72 yards of cloth. The hard part is DA is based on the Wholesale Price Index. Now, this anomaly gives rise to the concept of "living wage."

Suryavrat