Assessing Impact of Minimum Wages Policy on The Industrial Sector Worker’s Well-being: A Case Study of Hyderabad Industrial Sector
Keywords:
Minimum Wages Policy, Industrial Sector Worker, Hyderabad Industrial SectorAbstract
The reduction of working force poverty with social protection of susceptible workers is the part of ILO’S Decent Work Agenda. The Pakistan’s government pays the responsibility to maintain a price floor for industrial sector’s workers, and increase minimum wages almost annually. The Labor and Human Resource Department (Labour Directorate) Hyderabad office provided a list of workers and factories in Hyderabad industrial sector though which household survey data of workers of Hyderabad industrial sector collected. The Cross-sectional comparative approach is used to check indicators of consumption, income, living standards and poverty of the unskilled workers in factories. During data collection, a large number of unregistered workers in every establishment were also found which revealed the deep rooted corruption in industrial sector. The standard of living of low wage workers is no doubt directly linked with their monthly income. People spent money according to their earnings or wealth they possess. Consequently if they get higher income, they spent more on the necessities and luxuries of life which will result as the improved live style and standard. The policy of minimum wage is the ground which can give them strength in improving their living standard.
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