Minimum Wage and the Poverty Line Prabhat Patnaik

The criteria for determining the minimum wage have evolved in India over a long period of time. The basic guidelines set at the Indian Labour Conference have been subsequently improved upon by the Supreme Court in the early 1990s. As of now, the principles for setting the minimum wage after all these modifications stand as follows. The basic family unit for which the calculation is made is supposed to consist of four persons, a husband, wife and two children. These two children together constitute one consuming unit, so that one can say that the family has three consuming units altogether.…