Скачать или смотреть Living Wages v/s Minimum Wages

India aims to transition to living wages by 2025 with support from the International Labour Organization (ILO). So let’s try to know the difference.

While the minimum wage aims to protect workers from low pay, the living wage goes further by providing enough income to cover basic needs such as food, clothing, shelter, and more. Living is usually higher than minimum wage.

In India, the Code on Wages seeks to establish a universal wage floor i.e. minimum wage. Government officials are seeking ILO's assistance in capacity building, data collection, and demonstrating the economic benefits of living wages.

India's move, approved by the ILO, targets over 500 million workers, predominantly in the unorganized sector. The transition aims to address wage discrepancies and accelerate poverty alleviation efforts, aligning with India's commitment to SDGs.
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