The
objects of the industrial relation's legislation in general are to maintain
Industrial peace and, to achieve economic justice. The prosperity of any
industry very much depends upon its growing production. Production is possible
when the industry functions smoothly without any disturbances. This means
industrial peace through harmonious relationship between labour and management
is essential. Therefore every industrial relations, provisions and legislations
necessarily aims at providing conditions congenial to the industrial peace.
Economic justice is another objective of industrial legislation. Almost all
industrial interruptions in production are due to industrial disputes.
Dissatisfaction with the existing economic conditions is the root cause of
industrial disputes. The labour demands for fair return is expressed in varied
forms; e.g. increase in wages, resistance to decrease in wages and grant of
allowance and benefits etc. If a labourer wants to achieve these gains
individually, he fails because of his weaker bargaining power against the
strong economic management. Therefore, the economic struggle of labour with
capital can be fought collectivity by organized labours. It is with this object
to provide economic justice by ensuring fair return to the labour, the State,
being the custodian of public interest, intervenes by 'State legislation'
Economic justice has also been ensured to the people of India by our
Constitution.
