Dou­ble Wages Could Hurt Cos

The Economic Times - - Breaking Ideas -

The gov­ern­ment is con­sid­er­ing dou­bling the min­i­mum wages, which will cer­tainly ben­e­fit the em­ploy­ees. How­ever, the move may cause se­vere stress to em­ploy­ers, all of whom may not have the ca­pac­ity to pay the revised wages. This, in turn, may prompt un­scrupu­lous em­ploy­ers to re­sort to var­i­ous dis­hon­est tac­tics. For in­stance, some em­ploy­ers may con­sider re­duc­ing the work­force and push­ing the fewer em­ploy­ees at their dis­posal to do more work. From a na­tional per­spec­tive, the gov­ern­ment must have some guide­lines that ac­com­pany such poli­cies that are ben­e­fi­cial only to one party.

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