Minimum Wages

2021_prize_in_economic_sciences-f529b917

Nobel Prize in economics – Joshua Angrist, Guido Imbens and David Card

The young researcher Angrist was trying to study how veteran status affected an individual’s future earnings He simply compared the wages of people who served in the army with those who didn’t and see if there’s any difference. Government of Vietnam ran lotteries and divided total interested population of young age into 2 groups. i.e. …

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Ministry of labour and employment

Expert Group constituted on Fixation of Minimum Wages and National Floor Wages

The Ministry of Labour & Employment Government issued an order and has constituted the Expert Group to provide technical inputs and recommendations on fixation of Minimum Wages and National Floor Minimum Wages. To arrive at the wage rates, the group will look into the international best practices on the wages and evolve a scientific criteria …

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