Government to replace minimum wage with living wage by 2025

Mar25,2024



New Delhi: The government aims to replace minimum wage with salary By 2025, I am seeking technical assistance from International Labour Organization ,Take), according to a report by ET.
Officials have contacted the ILO for assistance in capacity building, data collection and demonstrating the positive economic impacts of a living wage.
The concept of a living wage, defined as the income required to meet basic needs such as housing, food, health care, education and clothing, has received the support of the ILO. These wages will be higher than the current minimum wage level.
“We may move beyond minimum wages in a year,” a senior government official told ET.
The ILO approved this reform during its recent Governing Body meeting in Geneva. In India, with over 500 million workers, 90% are in the unorganized sector, earning a daily minimum wage of around `176 or more, varying by state.
However, the national salary level, which has been stagnant since 2017, lacks enforceability across states, leading to discrepancies in salary payments.
The Wage Code, passed in 2019 but pending implementation, proposes a universal wage ceiling applicable to all states when implemented.
As a founding member of the ILO since 1922, India is committed to meeting the Sustainable Development Goals by 2030. The shift from minimum to living wage is seen as a strategy to accelerate poverty alleviation Attempt.
Labor Secretary Sumita Dawra stressed the importance of considering health, education and living standards as important factors in defining a living wage for developing countries, aligning with India's national poverty assessment using multidimensional indicators.
He stressed the need to include economic, social and demographic elements in the assessment of living standards for a comprehensive living wage definition.



Related Post

Leave a Reply

Your email address will not be published. Required fields are marked *