Economic Survey 2019 big ideas: Rationalise minimum wages architecture | Explained News, The Indian Express

Economic Survey 2019 big ideas: Rationalise minimum wages architecture | Explained News, The Indian Express

Written by Ishan Bakshi |Edited by Explained Desk |New Delhi |Updated: July 4, 2019 2:56:11 pm

Economic Survey 2019 big ideas: Rationalise minimum wages architecture

The Survey's recommendations, in line with the revised code, entail fixing minimum wages based on either the level of skill — different wages for the unskilled, semi-skilled, skilled and highly skilled — or the geographical region, or both.

The Centre would notify a “national floor minimum wage” that could vary across the five geographical regions identified in the survey (File Photo)

The Economic Survey 2018-19, released Thursday, makes a strong argument for rationalising the current minimum wage system in the country in line with the revised version of the code on wages bill approved by the Union Cabinet on Wednesday.