PDF Document 2
PDF Document 2
minimum wage by the employer. There are other laws that protect the interests of
producers and consumers in the market. These help ensure that the relations
between these three parties i.e the worker, consumer and producer, are governed
in a manner that is not exploitative. By making, enforcing and upholding laws, the
government can control the activities of individuals or private companies so as to
ensure social justice.
Case Study:
Imagine a market situation. A major issue is the issue of workers' wages.
Private companies, contractors, and businesspersons to achieve
profit might deny workers their rights and they might not pay them wages
which is illegal according to the law.
Furthermore, to guarantee that those workers are not underpaid,
there is a law on minimum wages to protect them.
Just like the law on minimum wages protects workers, some laws
protect producers’ and consumers' interests in the market.
There are laws to protect workers, consumers, and producers.
Laws:
Step 1: Forming Laws
Minimum wages act: Wages should not be below the specified
minimum wage, which gets revised every year by the government. This law
is meant to protect workers of all sorts.
The law specifies that there should be adequate safety measures in
workplaces. Like the alarm system, emergency exits, properly - functioning
machinery, etc.
The law requires that the quality of goods should meet certain
standards. Like the electrical appliance should meet safety standards. Poor
quality of products may cause damage to consumers.
The law requires that the prices of essential goods are not too high.
To make sure that the poor will be able to afford these goods.
The law requires that factories do not pollute air or water.
Laws against child labour in workplaces. No kid below the age of 14
should be employed to work in factories, mines, or other hazardous
employment.
Laws to form workers’ unions or associations. Unions or associations
help the workers to form a group and thus the power to demand better
wages and working conditions.
Case Study:
Bhopal Gas Tragedy
On 2 December night 1984, an American company, Union Carbide (UC) had a
factory in the city in which it produced pesticides whose methyl- isocyanate (MIC)
- a highly poisonous gas - started leaking. In a matter of three days, more than
8,000 people were dead, and many were affected by the gas. Those who survived
developed critical respiratory disorders, eye problems, and other health
disorders. Even Children developed strange abnormalities.