ILO Report on Indian Workers

ILO Report on Indian Workers

Part of: GS Prelims and  GS – III –  Economy; Employment 

In news

• ‘Global Wage Report 2020-21: Wages and minimum wages in the time of COVID-19’ was recently released.

• Released by: International Labour Organisation 

Key takeaways 

• The Report comments on various issues including on Indian workers having low average wages, longer hours. 
• It also reported that the workers in Asia and the Pacific enjoyed the highest real wage growth among all regions over the period 2006–19.
• The report has taken into account the National Floor Level Minimum Wage which is Rs.176/- per day. 
• However, actual wages are far higher.
• If the median of the minimum wages in different states is drawn, it would be Rs.269/- per day in India.

Do you know? 

Code on Wages, 2019 

• It universalises and creates a statutory right of minimum wages for all workers whether in organized or unorganised sector.
• A new concept of statutory floor wage has also been introduced in the Code on Wages.
• The Code also provides that the minimum wages are to be ordinarily reviewed and revised by the appropriate Governments in intervals not exceeding five years.