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Determining the pay

Minimum wage has always been a contentious and much debatable issue in industrial relations. The dispute has oscillated between employers, workers, policymakers and economists for ages. Employers and workers pragmatically want this to be their domain but politicians, hankering for broad public appeal, often attempt to encroach and unilaterally announce increases in minimum wage. This unwarranted step muddles the situation and leads towards unnecessary and needless litigation. Minimum wage has over the years been the bone of contention among all stakeholders. According to ILO, more than 90 percent of the world’s countries have minimum wage laws and hence minimum wage policies are widely implemented.