The Employee's Compensation Act of 1923 provides compensation to employees for injuries sustained during employment. It applies to workers in mines, factories, construction, and other industries. Under the act, employers must provide compensation for injuries or diseases caused by employment. They are not liable if the injury results in less than 3 days of disablement or if the injury was due to the employee being under the influence of drugs or alcohol, disobeying safety rules, or not using safety devices. The act aims to ease the financial burden on employees and employers from work-related injuries.