WAGES COUNCIL Meaning and
Definition
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A wages council, also known as a wage board, is a governmental or regulatory body established to regulate and determine minimum wage levels and working conditions in specific industries or sectors within a country. It functions as an advisory and regulatory authority designed to protect vulnerable workers and ensure fair and decent pay.
Wages councils are typically composed of representatives from trade unions, employers' associations, and government officials who collaborate to set minimum wage rates, working hours, overtime pay, and other related employment terms. These councils can be industry-specific, covering sectors such as manufacturing, agriculture, or retail, or they can be regional, addressing the needs of specific geographical areas.
The main purpose of wages councils is to prevent the exploitation of workers and maintain reasonable standards of living. They consider factors such as inflation, cost of living, productivity, profitability, and collective bargaining agreements when determining appropriate wage levels. Wages councils also play a vital role in preventing unfair competition and reducing income disparities within industries.
The decisions made by wages councils are legally binding and enforceable, often through legislation or industrial relations laws. Employers who fail to comply with the regulations set forth by the council may face penalties, fines, or other legal consequences. These councils can be a powerful instrument in promoting social justice, protecting workers' rights, and creating a more equitable and sustainable labor market.
Common Misspellings for WAGES COUNCIL
- qages council
- aages council
- sages council
- eages council
- 3ages council
- 2ages council
- wzges council
- wsges council
- wwges council
- wqges council
- wafes council
- waves council
- wabes council
- wahes council
- wayes council
- wates council
- wagws council
- wagss council
- wagds council
- wagrs council
Etymology of WAGES COUNCIL
The term "wages council" does not have a distinct etymology as it is a compound word composed of two individual words: "wages" and "council". However, it is helpful to understand the etymology of these two constituent parts.
1. Wages: The word "wages" originated from the Old English word "wæge", which referred to a sum of money paid to a worker for their services. This Old English term can be traced back to the Proto-Germanic word "wega", meaning "weight" or "wage". It evolved over time to specifically denote payment for work.
2. Council: The word "council" is derived from the Latin term "concilium", which means an assembly or gathering of people for consultation, advice, or decision-making.
