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LATEST NEWS UPDATES | 57% of regular Indian employees earn less than Rs. 10,000

57% of regular Indian employees earn less than Rs. 10,000

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published Published on Sep 27, 2018   modified Modified on Sep 27, 2018
-Livemint.com

The ‘State of Working India’ report by Azim Premji University shows that the low wage is so evident that people earning Rs. 50,000 or more constitute just 1.6% of the total workforce in India

New Delhi:
Despite economic growth and gradual formalization of the workforce, low wages and wage growth remain key challenges with 57% of regular employees earning Rs. 10,000 or less a month, a new report published on Tuesday by Azim Premji University revealed.

The State of Working India report said people earning Rs. 50,000 or more constitute just 1.6% of the Indian workforce. “The key measure of the quality of jobs is, perhaps, how remunerative they are. Broadly speaking, wage levels have remained low and have grown slowly over the last three decades.”

“Even among regular wage workers, more than half (57%) have monthly average earnings of ?10,000 or less, well under the Seventh Central Pay Commission (CPC) minimum stipulated salary of ?18,000 per month. As for casual workers, 59% have monthly earnings of up to Rs. 5,000,” it added.

While the average monthly salary of regular workers was at Rs. 13,562, non-regular workers earned Rs. 5,853 per month. “This can probably account for the extremely high demand for government employment seen all over the country,” it said.

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Livemint.com, 26 September, 2018, https://www.livemint.com/Politics/0QrtAS8TDcBNoNtQuTzR8H/57-of-regular-Indian-employees-earn-less-than-10000.html


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