A minimum wage is the lowest remuneration that employers can legally pay their workers—the price floor below which workers may not sell their labour. Most countries had introduced minimum wage legislation by the end of the 20th century.

The movement for minimum wages was first motivated as a way to stop the exploitation of workers in sweatshops, by employers who were thought to have unfair bargaining power over them. Minimum wage is a way to help lower-income families. It increases the standard of living of workers, reduces poverty, reduces inequality, and boosts morale. In Sri lanka we have been facing this issue since the days we were born.

Minimum wages can increase the efficiency of the market. Employers and employees cannot be paid less than their applicable minimum wage, even if the workers agree to it.

~ Nishantha De Abrew

Vote & Share!

48
5

Join the discussion One Comment

  • Kavindra Lokuliyana says:

    Totally agree with this. Government needs to regulate private sector or atleast the wages that private sector employees get. Definitely have to implement minimum wages through all private sectors and some kind of salary increment procedure (atleast yearly or six months basis) based on the profit and loss of the company and strictly regulate it.

    I worked for 2 and a half years for a private company here in Sri Lanka and never gor a single increment even though i asked for thousand times. Same for my coworkers as well while company is bathing in profit.

    Most of the companies in private sector take their employees for granted. And some don’t even get paid over time even though they work after work hours. This especially happens to those who come to work after A/L’s or O/L’s without knowing what’s a job or work culture in Sri Lanka is like. Employers rip them off, solely because they don’t know how things work cause they young.

Leave a Reply