A Study on the Impact of Occupational Status and Educational level on Wages of the Workers in Cricket Bat Manufacturing Industry of Kashmir

Human capital is a major asset to increase the flow of workers income. It may be the natural ability of the worker or can be attained through the training and education. In the present study two attributes, educational level and occupational status of the workers were taken into account to know their effect on wages earned. The study depicted the significant difference between the wages of skilled, semiskilled and unskilled workers. Post hoc test results revealed that wages of skilled workers were higher than unskilled and semiskilled workers, while semiskilled and unskilled workers wages had no significant difference. Homogeneity of the wages of workers was found when compared in terms of their educational level. The level of education has no impact upon the wages earned. The wage structure of all the three categories of workers was excellent to compensate their basic necessities. The workers engaged in the industry have higher wages as per the minimum wages act 1948.