Wages are an essential element for workers well being. The wages must be paid which fulfilled the basic needs of employees. This paper discussed three the concepts of
wages i.e. fair wage, living wage and minimum wage. These three concepts used in various countries accordance with their social, economical and geographical
condition. The minimum wage is dynamic concept. The minimum wage is the wage which is sufficient to cover the bare physical needs of worker and his family. The
term "minimum wages" is used in a variety of ways throughout the world. India is one of the countries which adopted the concept of minimum wage accordance with
guidelines of ILO.This paper highlights the issues and concerns relating to fair wage, living wage and minimum wage and their correlation between minimum wage
legislation in India.