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Q: Which of the following is false about minimum wages?
  • A. A minimum wage law benefits all unskilled workers.
  • B. A minimum wage harms firms by forcing them to pay higher wages.
  • C. A minimum wage harms customers because the law usually leads to higher product prices.
  • D. A minimum wage increases unemployment
Correct Answer: Option A - The Minimum Wage Act 1948, was passed by parliament to fix minimum wages to unskilled and skilled workers in industry. This act was considered to be violation of article 19(1) (f) but Supreme Court ruled that act is based on DPSP under Article 43. Code of Wages Act (2019) came which replaces The Payment of Wages Act 1936, The Minimum Wages Act 1948, The Payment of Bonus Act 1965, The Equal Remuneration Act 1976,
A. The Minimum Wage Act 1948, was passed by parliament to fix minimum wages to unskilled and skilled workers in industry. This act was considered to be violation of article 19(1) (f) but Supreme Court ruled that act is based on DPSP under Article 43. Code of Wages Act (2019) came which replaces The Payment of Wages Act 1936, The Minimum Wages Act 1948, The Payment of Bonus Act 1965, The Equal Remuneration Act 1976,

Explanations:

The Minimum Wage Act 1948, was passed by parliament to fix minimum wages to unskilled and skilled workers in industry. This act was considered to be violation of article 19(1) (f) but Supreme Court ruled that act is based on DPSP under Article 43. Code of Wages Act (2019) came which replaces The Payment of Wages Act 1936, The Minimum Wages Act 1948, The Payment of Bonus Act 1965, The Equal Remuneration Act 1976,