Minimum wages will be converted to Living Wage in India by 2024

Minimum wages will be converted to Living Wage in India by 2024, The Secretary Smriti Dwara said that, " living that are represented by 12 sustainable development goals-aligned indicators

The government is bringing very good news for the people doing labor in India. Soon the government in India is going to convert the minimum wages into living wages, which will help the laborers or it can be a big step in making India proud or getting out of poverty. 

India's Sustainable Development Goal 

To meet India's Sustainable Development goal by 2030, the Indian Government is trying to Convert Minimum Wages to Living Wages. The government has taken the support of the leading Labour Organization, ILO stands at International Labor Organization to implement this important step in India in which ILO along with Indian Government will prepare the proper framework for the implementation of this Big Step.

Assistance of ILO 

International Labor Organization is a United States governing body that works on labor related issues and is very helpful for the core development of the nation. ILO has a total of 187 state members, India has been an important founding member since 1922.

To determine the living wages of any nation, the estimated income that should be required to meet the basic needs of people like healthcare, food, education, clothing, housing is called living wages. According to the official website of ILO, the meaning of living wages is as follows, " The wage level that is necessary to afford a decent standard of living for workers and their families, taking into account the country circumstances and calculated for the work performed during the normal hours of work;”.

Outcome of a Survey 

According to the report, approximately 500 million i.e. 50 crore people  work as laborers in India, out of which 90% work in the unorganised sector at very low wages. However, to deal with the problem of low wages, in 2019, Anoop Satpathy's panel proposed to introduce a wage code, but till now this wage code has not been implemented in India. According to which the daily wage of a person should be Rs 375. Which would be equally applicable in each state of India applicable.

Labour Secretary : Smriti Dwara 

A Senior Official stated that, " We can move beyond minimum wages in a year". Simita Dwara, Labour secretary stated that, "National Multidimensional Poverty Index in India measures simultaneous deprivations across the three equally weighted dimensions of health, education and standard of living that are represented by 12 sustainable development goals-aligned indicators,”. 

She further added “Living wage definition must incorporate these dimensions.We have sought help from ILO for capacity building, systemic collection of data and evidence of the positive economic outcomes resulting from the implementation of living wages,”.