Minimum Wages

A minimum wage is the lowest hourly, daily or monthly remuneration that employers may legally pay to workers. Equivalently, it is the lowest wage at which workers may sell their labor. Although minimum wage laws are in effect in many jurisdictions, differences of opinion exist about the benefits and drawbacks of a minimum wage.
Supporters of the minimum wage say that it increases the standard of living of workers, reduces poverty, reduces inequality, boosts morale and forces businesses to be more efficient.Opponents say that if it is high enough to be effective, it increases unemployment, particularly among workers with very low productivity due to inexperience or handicap, thereby harming less skilled workers and possibly excluding some groups from the labor market; additionally it may be less effective and more damaging to businesses than other methods of reducing poverty.
The minimum wage has a strong social appeal, rooted in concern about the ability of markets to provide income equity for the least able members of the work force. For some people, the obvious solution to this concern is to redefine the wage structure politically to achieve a socially preferable distribution of income. Thus, minimum wage laws have usually been judged against the criterion of reducing poverty.
Statutory minimum wages were also proposed as a way to control the proliferation of sweat shops in manufacturing industries. The sweat shops employed large numbers of women and young workers, paying them what were considered to be substandard wages. The sweatshop owners were thought to have unfair bargaining power over their workers, and a minimum wage was proposed as a means to make them pay "fairly". Over time, the focus changed to helping people, especially families, become more self-sufficient. Today, minimum wage laws affect workers in most low-paid fields of employment.

Supporting Services
Tenders

  • Security Services
  • Security Products
  • Safety Products
  • House Keeping
  • Associations

  • Security Associations
  • Detective Associations
  • Safety Associations
  • Security Unions
  • Security & Detective Websites
  • Business Directories
  • Legal & Statutory

  • PASARA Act
  • Security Acts & Forms
  • Service Tax
  • ESI, PF, PT
  • Minimum Wages
  • Income Tax
  • Legal Information
  • Judgements
  • Entertainment

  • Crime Stories
  • Crime News
  • Security News
  • Statutory News
  • Business Linked Info

  • Black Listed
  • News Papers & Magazines
  • Advertisements

  • Business Promotion Ads
  • Staff Available Ads
  • Staff Wanted Ads
  • Forthcoming Events
  • The Special Offer

  • Take 3, Get 1 Free
  • Take 5, Get 2 Free
  • Take 10, Get 5 Free




  • Visitor Count
    Hit Counters