Why minimum wage won't fix India's woes

[Informalisation and Labour Rights - Related News]

The new Parliament passed the Code on Wages Bill, 2019 mandating a minimum wage across the country in its first session itself. This law mandates a universal minimum payment of ₹178 a day. There is some excitement and lots of disappointment all around. For one, the wage prescribed is less than half the ₹375 a day recommended by a high-powered labour ministry panel. It is also miles away from the ₹700 fair wage that the 7th Central Pay Commission had arrived at.