An Economic Perspective of Labor Law in Manufacturing Sector (Liquor Industry) : a Comparative Study among the States of India

Author(s)	Danusa
Country	India
Abstract	This article aims to provide insight into the fixing of minimum wages and how the economic aspects such as the cost of living index, consumer price index, and demand and supply of products play an essential role in it. This article focuses on the manufacturing sector, narrowing it down to the liquor manufacturing industry workers. The data on minimum wages were collected from the official websites of each government (labor commission). It is found that most of the states mostly focus upon the consumer price index and do not provide minimum wages industry wise and only few states fix minimum wages different for each type of industry. The Occupational wage survey identifies this issue and the productivity level of industries to be taken as a factor suggested for better welfare of workers.
Keywords	Minimum wages, Liquor industry, Cost of living index, Local purchasing power index
Published In	Volume 5, Issue 3, May-June 2023
Published On	2023-06-02
Cite This	An Economic Perspective of Labor Law in Manufacturing Sector (Liquor Industry) : a Comparative Study among the States of India - Danusa - IJFMR Volume 5, Issue 3, May-June 2023. DOI 10.36948/ijfmr.2023.v05i03.3419
DOI	https://doi.org/10.36948/ijfmr.2023.v05i03.3419
Short DOI	https://doi.org/gr97rt

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