Law on minimum wage is important and necessary in India because

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It ensures that workers are paid fairly

There is a high rate of employment

It ensures that workers do not overcharge for their labour

Education required to learn a skill is expensive

answer is A.

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Detailed Solution

Law on minimum wage is important and necessary in India because it ensures that workers are paid fairly.
The minimum wage, as its name suggests, is the lowest wage employers can pay their employees for the work performed during a given period. The minimum Wages Act was enacted in India in 1948. It protects the interest of workers, whether skilled or unskilled. It is essential in India because the unemployment rate is high. High unemployment means those looking for work are vulnerable and have no bargaining power. Lack of bargaining power implies employers easily exploit workers to work long hours for very low wages. Minimum wage law ensures that employers are held accountable in case of exploitation of their workers or prevent the exploitation altogether.

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