2017 · Q85
Dr. Aykroyd's formula is associated with determination of
Industrial Relations and Labour LawsWage-related laws
- Afair wage
- Bminimum wage
- Cliving wage
- Dreal wage
Explanation
Dr. Aykroyd's formula, based on nutritional requirements (about 2,700 calories per day for an average worker's family), underpins the norms laid down by the 15th Indian Labour Conference (1957) for determining the minimum wage. It is not used for the fair wage, living wage, or real wage. Hence B.