World Bank report promotes abolition of Minimum Wages and work contracts for workers

World Bank report promotes abolition of Minimum Wages and work contracts for workers

20 April 2018: The World Bank in its flagship publication โ€“ The World Development Report has proposed that hiring and firing of workers be made easy so that more workers can be added to the workforce.

It has also proposed that employers who have some form of profit sharing model should be allowed to remain outside the ambit of Minimum Wages regulations. The report has drawn criticism from the International Labour Organisation and Trade Union organisations.

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