The high cost of minimum wages
The minimum wage is a minimum amount that an employer is required to pay wage earners for the work performed, which cannot be reduced by collective agreement or an individual contract. The minimum wage of unskilled workers in Pakistan is 21000 Rupees per month but an announcement has been made to increase it to 25000 Rupees per month in the 2022-2023 budget. While we often advocate the minimum wage laws in Pakistan, rarely do we talk about the side effects of this law and the possibility of alternatives. The main reason why governments enforce laws on minimum wages is to
