📷 Image: Wikimedia Commons / Adam Jones from Kelowna, BC, Canada
National
Jammu & Kashmir's Shadow Wage Rate Drops Significantly
✍️ Kashmir Life
🗓 27 Oct 2026, 07:46 AM
👁 4
The Shadow Wage Rate Factor in Jammu & Kashmir has decreased sharply to 0.47 in 2023-24, down from 1.00 in the previous year.
The Shadow Wage Rate Factor, a measure of the difference between the actual wage paid and the minimum wage required, has seen a significant decline in Jammu & Kashmir. The factor has dropped to 0.47 in 2023-24, a stark contrast to the 1.00 recorded in the previous year. This indicates a narrowing gap between the wages paid and the legally mandated minimum wage in the region. The reasons behind this decrease are yet to be officially revealed by authorities.