A person earning minimum wages today cannot survive on it year after year.
Following case study done for two years for person in Delhi proves this point:
Average Monthly Expenses (2017): 8978
Average Monthly Expenses (2018): 11793 (Yearly Change: 31%)
Average Monthly Expenses (2019): 15624 (Yearly Change: 33%)
We see here that there is an increment of over 31 percent in 2018 and 33 percent in 2019 in average monthly expenses that is when a person is living hand to mouth and there is no improvement in quality of any aspect of life.
We not only need 'Minimum Wages' act but we also need COLA (Cost of Living Adjustment) act as well.
How much increment did you get in your last appraisal? If it is below 10 percent, don't even bother to mention it.
Related articles:
Are Minimum Wages Sufficent?
Article showing minimum wages set by Indian government:
Following case study done for two years for person in Delhi proves this point:
Item | Expense | Month |
Total | 7955 | Dec-2016 |
Total | 8221 | Jan-2017 |
Total | 9006 | Feb-2017 |
Total | 9254 | Mar-2017 |
Total | 8284 | Apr-2017 |
Total | 8497 | May-2017 |
Total | 9912 | Jun-2017 |
Total | 9051 | Jul-2017 |
Total | 7453 | Aug-2017 |
Total | 8541 | Sep-2017 |
Total | 9880 | Oct-2017 |
Total | 11678 | Nov-2017 |
Average Monthly Expenses (2017): 8978
Item | Expense | Month |
Total | 15128 | Dec-2017 |
Total | 10794 | Jan-2018 |
Total | 10989 | Feb-2018 |
Total | 10385 | Mar-2018 |
Total | 13462 | Apr-2018 |
Total | 10790 | May-2018 |
Total | 10525 | Jun-2018 |
Total | 10159 | Jul-2018 |
Total | 10340 | Aug-2018 |
Total | 13508 | Sep-2018 |
Total | 11655 | Oct-2018 |
Total | 13777 | Nov-2018 |
Average Monthly Expenses (2018): 11793 (Yearly Change: 31%)
Average Monthly Expenses (2019): 15624 (Yearly Change: 33%)
We see here that there is an increment of over 31 percent in 2018 and 33 percent in 2019 in average monthly expenses that is when a person is living hand to mouth and there is no improvement in quality of any aspect of life.
We not only need 'Minimum Wages' act but we also need COLA (Cost of Living Adjustment) act as well.
How much increment did you get in your last appraisal? If it is below 10 percent, don't even bother to mention it.
Related articles:
Are Minimum Wages Sufficent?
Article showing minimum wages set by Indian government:
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