The Glasshouse Report

Friday, March 10, 2017

India: Why Minimum Wage Is Bad For The Poor As Well As The Economy


By LA Times, March 09, 2017

It reflects quite poorly on our political discourse that there has been almost no debate over the recently amended Minimum Wages Act, 1948 which increased the wages of labourers by a whopping 42 per cent. The intelligentsia applauds such populist increases irrespective of the government in power.

Union Finance Minister Arun Jaitley tweeted out that the 42 per cent hike for unskilled non-agricultural workers was historic! Other ministers of the Narendra Modi government have also fully endorsed this move, which came into effect in August last year.


Read More: http://www.latimes.com

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