Solution:Both Statement I and Statement II are correct. Statement I, "Wages form the pivot around which most of the Labour problems revolve," underscores the central role that wages play in labour relations.
Wage issues often lie at the heart of industrial disputes, negotiations, and labour legislation as they directly affect the livelihoods of workers.
Statement II, "Problems concerning the economic social conditions of wage earners have become topical," is also correct and relevant, highlighting the increasing focus and discussion on the socio-economic conditions of workers, which are deeply influenced by their earning levels.
The socio-economic status of workers impacts their access to resources, quality of life, and overall social integration, making it а significant area of concern in labour studies and public policy.