What is one of the roles of the Wage Rationalization Act?

The Wage Rationalization Act is primarily focused on establishing and regulating minimum wage standards within a jurisdiction. This legislation ensures that workers receive fair compensation for their labor, which is vital for protecting their rights and maintaining a standard of living. It aims to address wage disparities and ensure that remuneration aligns with the cost of living and the economic conditions of the time. By mandating minimum wages, the Act contributes to fostering equitable treatment of employees and promoting social justice in the labor market. This central role of setting minimum wage levels is critical for both employee welfare and economic stability, as it helps reduce poverty and income inequality.

The other options pertain to different regulatory functions not associated with the Wage Rationalization Act. While regulating banking sectors, promoting investment, and deregulating services are significant economic activities, they fall outside the scope of what the Wage Rationalization Act specifically addresses.