This paper try to investigate sense and concept, creation background and introduction objective of
minimum wage system and economic effect for labor's stabilization of livelihood and qualitative elevation
of labor and effective employment. And examine about diagnostic present state and the operation actual
condition of minimum wage system of our country.
May have to achieve effectiveness of minimum wage system, will have to enforce Minimum Wages Act
uprightly and supervise and may have to strengthen a punishment that is strict about injuria that disobey
this law. Also, need fair and reasonable coordination utilizing various objective informations or data For
business rationalization and an efficient employment, try to attempt reorganization plan that can realize
labor welfare regarding effectiveness of minimum wage system by examining at the same time whether
some actual profit exists to laborer or user on this system.