Select Your Preferred Language

Please choose your language to continue.

Union Ministry of Labour and Employment (MoLE) is discussing the concept of a living wage | Current Affairs | Vision IAS
News Today Logo

Union Ministry of Labour and Employment (MoLE) is discussing the concept of a living wage

Posted 29 Jul 2025

1 min read

MoLE is discussing living wage to improve worker welfare and boost participation, especially among women.

  • Currently statutes mandates minimum wage for employees. 
An image shoing details of living  wages and minimum wages

Significance of Living Wages

  • A globally implemented living wage could generate $4.6 trillion in additional GDP each year through increased productivity and spending. (WEF)
  • Improve Female Labour Participation:  While living wages benefit all workers, they have a greater impact on women, who often face higher opportunity costs due to responsibilities like childcare, health, and education.
    • Covering these costs through fair pay can make it easier for women to join the workforce.
  • Other
    • Responds to rising inflation and living costs
    • Helps attract and retain talent
    • Aligns with emerging labour regulations and social expectations
  • Tags :
  • DPSP
  • Living Wages
  • Code on Wages, 2019
  • Minimum wages
  • Minimum Wages Act, 1948
Watch News Today
Subscribe for Premium Features