Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 73 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]Code Context
trigger_error($message, E_USER_DEPRECATED);
}
$message = 'The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 73 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.' $stackFrame = (int) 1 $trace = [ (int) 0 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ServerRequest.php', 'line' => (int) 2421, 'function' => 'deprecationWarning', 'args' => [ (int) 0 => 'The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead.' ] ], (int) 1 => [ 'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php', 'line' => (int) 73, 'function' => 'offsetGet', 'class' => 'Cake\Http\ServerRequest', 'object' => object(Cake\Http\ServerRequest) {}, 'type' => '->', 'args' => [ (int) 0 => 'catslug' ] ], (int) 2 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Controller/Controller.php', 'line' => (int) 610, 'function' => 'printArticle', 'class' => 'App\Controller\ArtileDetailController', 'object' => object(App\Controller\ArtileDetailController) {}, 'type' => '->', 'args' => [] ], (int) 3 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php', 'line' => (int) 120, 'function' => 'invokeAction', 'class' => 'Cake\Controller\Controller', 'object' => object(App\Controller\ArtileDetailController) {}, 'type' => '->', 'args' => [] ], (int) 4 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php', 'line' => (int) 94, 'function' => '_invoke', 'class' => 'Cake\Http\ActionDispatcher', 'object' => object(Cake\Http\ActionDispatcher) {}, 'type' => '->', 'args' => [ (int) 0 => object(App\Controller\ArtileDetailController) {} ] ], (int) 5 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/BaseApplication.php', 'line' => (int) 235, 'function' => 'dispatch', 'class' => 'Cake\Http\ActionDispatcher', 'object' => object(Cake\Http\ActionDispatcher) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 6 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Http\BaseApplication', 'object' => object(App\Application) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 7 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/RoutingMiddleware.php', 'line' => (int) 162, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 8 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Routing\Middleware\RoutingMiddleware', 'object' => object(Cake\Routing\Middleware\RoutingMiddleware) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 9 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/AssetMiddleware.php', 'line' => (int) 88, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 10 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Routing\Middleware\AssetMiddleware', 'object' => object(Cake\Routing\Middleware\AssetMiddleware) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 11 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Middleware/ErrorHandlerMiddleware.php', 'line' => (int) 96, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 12 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Error\Middleware\ErrorHandlerMiddleware', 'object' => object(Cake\Error\Middleware\ErrorHandlerMiddleware) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 13 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 51, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 14 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Server.php', 'line' => (int) 98, 'function' => 'run', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\MiddlewareQueue) {}, (int) 1 => object(Cake\Http\ServerRequest) {}, (int) 2 => object(Cake\Http\Response) {} ] ], (int) 15 => [ 'file' => '/home/brlfuser/public_html/webroot/index.php', 'line' => (int) 39, 'function' => 'run', 'class' => 'Cake\Http\Server', 'object' => object(Cake\Http\Server) {}, 'type' => '->', 'args' => [] ] ] $frame = [ 'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php', 'line' => (int) 73, 'function' => 'offsetGet', 'class' => 'Cake\Http\ServerRequest', 'object' => object(Cake\Http\ServerRequest) { trustProxy => false [protected] params => [ [maximum depth reached] ] [protected] data => [[maximum depth reached]] [protected] query => [[maximum depth reached]] [protected] cookies => [ [maximum depth reached] ] [protected] _environment => [ [maximum depth reached] ] [protected] url => 'latest-news-updates/an-unending-money-illusion-5419/print' [protected] base => '' [protected] webroot => '/' [protected] here => '/latest-news-updates/an-unending-money-illusion-5419/print' [protected] trustedProxies => [[maximum depth reached]] [protected] _input => null [protected] _detectors => [ [maximum depth reached] ] [protected] _detectorCache => [ [maximum depth reached] ] [protected] stream => object(Zend\Diactoros\PhpInputStream) {} [protected] uri => object(Zend\Diactoros\Uri) {} [protected] session => object(Cake\Http\Session) {} [protected] attributes => [[maximum depth reached]] [protected] emulatedAttributes => [ [maximum depth reached] ] [protected] uploadedFiles => [[maximum depth reached]] [protected] protocol => null [protected] requestTarget => null [private] deprecatedProperties => [ [maximum depth reached] ] }, 'type' => '->', 'args' => [ (int) 0 => 'catslug' ] ]deprecationWarning - CORE/src/Core/functions.php, line 311 Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421 App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 73 Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610 Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120 Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94 Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51 Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98
Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 74 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]Code Context
trigger_error($message, E_USER_DEPRECATED);
}
$message = 'The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 74 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.' $stackFrame = (int) 1 $trace = [ (int) 0 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ServerRequest.php', 'line' => (int) 2421, 'function' => 'deprecationWarning', 'args' => [ (int) 0 => 'The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead.' ] ], (int) 1 => [ 'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php', 'line' => (int) 74, 'function' => 'offsetGet', 'class' => 'Cake\Http\ServerRequest', 'object' => object(Cake\Http\ServerRequest) {}, 'type' => '->', 'args' => [ (int) 0 => 'artileslug' ] ], (int) 2 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Controller/Controller.php', 'line' => (int) 610, 'function' => 'printArticle', 'class' => 'App\Controller\ArtileDetailController', 'object' => object(App\Controller\ArtileDetailController) {}, 'type' => '->', 'args' => [] ], (int) 3 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php', 'line' => (int) 120, 'function' => 'invokeAction', 'class' => 'Cake\Controller\Controller', 'object' => object(App\Controller\ArtileDetailController) {}, 'type' => '->', 'args' => [] ], (int) 4 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php', 'line' => (int) 94, 'function' => '_invoke', 'class' => 'Cake\Http\ActionDispatcher', 'object' => object(Cake\Http\ActionDispatcher) {}, 'type' => '->', 'args' => [ (int) 0 => object(App\Controller\ArtileDetailController) {} ] ], (int) 5 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/BaseApplication.php', 'line' => (int) 235, 'function' => 'dispatch', 'class' => 'Cake\Http\ActionDispatcher', 'object' => object(Cake\Http\ActionDispatcher) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 6 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Http\BaseApplication', 'object' => object(App\Application) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 7 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/RoutingMiddleware.php', 'line' => (int) 162, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 8 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Routing\Middleware\RoutingMiddleware', 'object' => object(Cake\Routing\Middleware\RoutingMiddleware) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 9 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/AssetMiddleware.php', 'line' => (int) 88, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 10 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Routing\Middleware\AssetMiddleware', 'object' => object(Cake\Routing\Middleware\AssetMiddleware) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 11 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Middleware/ErrorHandlerMiddleware.php', 'line' => (int) 96, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 12 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Error\Middleware\ErrorHandlerMiddleware', 'object' => object(Cake\Error\Middleware\ErrorHandlerMiddleware) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 13 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 51, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 14 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Server.php', 'line' => (int) 98, 'function' => 'run', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\MiddlewareQueue) {}, (int) 1 => object(Cake\Http\ServerRequest) {}, (int) 2 => object(Cake\Http\Response) {} ] ], (int) 15 => [ 'file' => '/home/brlfuser/public_html/webroot/index.php', 'line' => (int) 39, 'function' => 'run', 'class' => 'Cake\Http\Server', 'object' => object(Cake\Http\Server) {}, 'type' => '->', 'args' => [] ] ] $frame = [ 'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php', 'line' => (int) 74, 'function' => 'offsetGet', 'class' => 'Cake\Http\ServerRequest', 'object' => object(Cake\Http\ServerRequest) { trustProxy => false [protected] params => [ [maximum depth reached] ] [protected] data => [[maximum depth reached]] [protected] query => [[maximum depth reached]] [protected] cookies => [ [maximum depth reached] ] [protected] _environment => [ [maximum depth reached] ] [protected] url => 'latest-news-updates/an-unending-money-illusion-5419/print' [protected] base => '' [protected] webroot => '/' [protected] here => '/latest-news-updates/an-unending-money-illusion-5419/print' [protected] trustedProxies => [[maximum depth reached]] [protected] _input => null [protected] _detectors => [ [maximum depth reached] ] [protected] _detectorCache => [ [maximum depth reached] ] [protected] stream => object(Zend\Diactoros\PhpInputStream) {} [protected] uri => object(Zend\Diactoros\Uri) {} [protected] session => object(Cake\Http\Session) {} [protected] attributes => [[maximum depth reached]] [protected] emulatedAttributes => [ [maximum depth reached] ] [protected] uploadedFiles => [[maximum depth reached]] [protected] protocol => null [protected] requestTarget => null [private] deprecatedProperties => [ [maximum depth reached] ] }, 'type' => '->', 'args' => [ (int) 0 => 'artileslug' ] ]deprecationWarning - CORE/src/Core/functions.php, line 311 Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421 App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 74 Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610 Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120 Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94 Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51 Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98
Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]Code Contextif (Configure::read('debug')) {
trigger_error($message, E_USER_WARNING);
} else {
$response = object(Cake\Http\Response) { 'status' => (int) 200, 'contentType' => 'text/html', 'headers' => [ 'Content-Type' => [ [maximum depth reached] ] ], 'file' => null, 'fileRange' => [], 'cookies' => object(Cake\Http\Cookie\CookieCollection) {}, 'cacheDirectives' => [], 'body' => '<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd"> <html xmlns="http://www.w3.org/1999/xhtml"> <head> <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr681794f668be8-trace').style.display = (document.getElementById('cakeErr681794f668be8-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr681794f668be8-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr681794f668be8-code').style.display = (document.getElementById('cakeErr681794f668be8-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr681794f668be8-context').style.display = (document.getElementById('cakeErr681794f668be8-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr681794f668be8-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700"><</span><span style="color: #0000BB">head</span><span style="color: #007700">> </span></span></code> <span class="code-highlight"><code><span style="color: #000000"> <link rel="canonical" href="<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">); </span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">category</span><span style="color: #007700">-></span><span style="color: #0000BB">slug</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>/<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">seo_url</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>.html"/> </span></code></span> <code><span style="color: #000000"><span style="color: #0000BB"> </span><span style="color: #007700"><</span><span style="color: #0000BB">meta http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type" </span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html; charset=utf-8"</span><span style="color: #007700">/> </span></span></code></pre><pre id="cakeErr681794f668be8-context" class="cake-context" style="display: none;">$viewFile = '/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp' $dataForView = [ 'article_current' => object(App\Model\Entity\Article) { 'id' => (int) 5327, 'title' => 'An unending money illusion', 'subheading' => '', 'description' => '<br /> <div align="justify"> The Union government recently indexed the wages of workers under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) to the consumer price index for agricultural labour (CPI-AL). The step, aimed at boosting the purchasing power of workers, came in the midst of a controversy over the government not linking wages under MGNREGS to the minimum wage under the Minimum Wages Act, 1948.<br /> <br /> The wage hike, ranging from 17-30%, is likely to prove illusory. Perhaps it already is. For, in a time of spiralling inflation, even frequent wage revisions are no good as a policy measure. The only thing these do is to make poor workers the victim of what economists call &ldquo;money illusion&rdquo;: A rise in nominal wages is seen as something satisfying while real wages get constantly eroded by inflation. Taming inflation would be a much better policy response. That, however, is beyond the government&rsquo;s powers as recent statements by home minister P. Chidambaram and finance minister Pranab Mukherjee indicate.<br /> <br /> In a low-inflation environment, the gap between what workers earn in wages and their productivity is either low or is within manageable proportions. In the case of MGNREGS, this link is broken. While government economists blame supply constraints for inflation and underplay the role of rising rural incomes for adding fuel to fire, the situation is more complex and may remain so in the years to come. Thanks to MGNREGS many workers have been diverted from farm labour into purely Keynesian &ldquo;digging ditches&rdquo; type of jobs. The result is that, in relative terms, the cost of hiring farm labour is rising and is often reflected in demands for higher minimum support prices by farmers. Anecdotal evidence from states such as Punjab, West Bengal and Andhra Pradesh suggests that such processes are already at work.<br /> <br /> It is this &ldquo;gap&rdquo;, caused by the divorce between production on farms and rising inflation that the government is trying to bridge. There is a &ldquo;moral&rdquo; argument for doing this, as pointed out by Pronob Sen, a principal adviser to the Planning Commission. But morality often makes for bad policy choices. Purely in economic terms, this cannot be done for long: A wage-price spiral is already on. The remedy lies in a different direction. Either the government dramatically improves the supply situation, which is difficult as it is spending little money on increasing agricultural productivity; or it will, sooner or later, have to do some demand management. This is likely to be expensive, politically that is. There is no escaping the cleft stick it is caught in.<br /> <br /> </div>', 'credit_writer' => 'Live Mint, 10 January, 2011, http://www.livemint.com/2011/01/10214744/An-unending-money-illusion.html?h=B', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'an-unending-money-illusion-5419', 'meta_title' => null, 'meta_keywords' => null, 'meta_description' => null, 'noindex' => (int) 0, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => (int) 5419, 'created' => object(Cake\I18n\FrozenTime) {}, 'modified' => object(Cake\I18n\FrozenTime) {}, 'edate' => '', 'tags' => [ [maximum depth reached] ], 'category' => object(App\Model\Entity\Category) {}, '[new]' => false, '[accessible]' => [ [maximum depth reached] ], '[dirty]' => [[maximum depth reached]], '[original]' => [[maximum depth reached]], '[virtual]' => [[maximum depth reached]], '[hasErrors]' => false, '[errors]' => [[maximum depth reached]], '[invalid]' => [[maximum depth reached]], '[repository]' => 'Articles' }, 'articleid' => (int) 5327, 'metaTitle' => 'LATEST NEWS UPDATES | An unending money illusion', 'metaKeywords' => 'NREGS', 'metaDesc' => ' The Union government recently indexed the wages of workers under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) to the consumer price index for agricultural labour (CPI-AL). 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That, however, is beyond the government&rsquo;s powers as recent statements by home minister P. Chidambaram and finance minister Pranab Mukherjee indicate.<br /><br />In a low-inflation environment, the gap between what workers earn in wages and their productivity is either low or is within manageable proportions. In the case of MGNREGS, this link is broken. While government economists blame supply constraints for inflation and underplay the role of rising rural incomes for adding fuel to fire, the situation is more complex and may remain so in the years to come. Thanks to MGNREGS many workers have been diverted from farm labour into purely Keynesian &ldquo;digging ditches&rdquo; type of jobs. The result is that, in relative terms, the cost of hiring farm labour is rising and is often reflected in demands for higher minimum support prices by farmers. Anecdotal evidence from states such as Punjab, West Bengal and Andhra Pradesh suggests that such processes are already at work.<br /><br />It is this &ldquo;gap&rdquo;, caused by the divorce between production on farms and rising inflation that the government is trying to bridge. There is a &ldquo;moral&rdquo; argument for doing this, as pointed out by Pronob Sen, a principal adviser to the Planning Commission. But morality often makes for bad policy choices. Purely in economic terms, this cannot be done for long: A wage-price spiral is already on. The remedy lies in a different direction. Either the government dramatically improves the supply situation, which is difficult as it is spending little money on increasing agricultural productivity; or it will, sooner or later, have to do some demand management. This is likely to be expensive, politically that is. 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The only thing these do is to make poor workers the victim of what economists call &ldquo;money illusion&rdquo;: A rise in nominal wages is seen as something satisfying while real wages get constantly eroded by inflation. Taming inflation would be a much better policy response. That, however, is beyond the government&rsquo;s powers as recent statements by home minister P. Chidambaram and finance minister Pranab Mukherjee indicate.<br /> <br /> In a low-inflation environment, the gap between what workers earn in wages and their productivity is either low or is within manageable proportions. In the case of MGNREGS, this link is broken. While government economists blame supply constraints for inflation and underplay the role of rising rural incomes for adding fuel to fire, the situation is more complex and may remain so in the years to come. Thanks to MGNREGS many workers have been diverted from farm labour into purely Keynesian &ldquo;digging ditches&rdquo; type of jobs. 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The step, aimed at boosting the purchasing power of workers, came in...' $disp = '<br /><div align="justify">The Union government recently indexed the wages of workers under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) to the consumer price index for agricultural labour (CPI-AL). The step, aimed at boosting the purchasing power of workers, came in the midst of a controversy over the government not linking wages under MGNREGS to the minimum wage under the Minimum Wages Act, 1948.<br /><br />The wage hike, ranging from 17-30%, is likely to prove illusory. Perhaps it already is. For, in a time of spiralling inflation, even frequent wage revisions are no good as a policy measure. The only thing these do is to make poor workers the victim of what economists call &ldquo;money illusion&rdquo;: A rise in nominal wages is seen as something satisfying while real wages get constantly eroded by inflation. Taming inflation would be a much better policy response. That, however, is beyond the government&rsquo;s powers as recent statements by home minister P. Chidambaram and finance minister Pranab Mukherjee indicate.<br /><br />In a low-inflation environment, the gap between what workers earn in wages and their productivity is either low or is within manageable proportions. In the case of MGNREGS, this link is broken. While government economists blame supply constraints for inflation and underplay the role of rising rural incomes for adding fuel to fire, the situation is more complex and may remain so in the years to come. Thanks to MGNREGS many workers have been diverted from farm labour into purely Keynesian &ldquo;digging ditches&rdquo; type of jobs. The result is that, in relative terms, the cost of hiring farm labour is rising and is often reflected in demands for higher minimum support prices by farmers. Anecdotal evidence from states such as Punjab, West Bengal and Andhra Pradesh suggests that such processes are already at work.<br /><br />It is this &ldquo;gap&rdquo;, caused by the divorce between production on farms and rising inflation that the government is trying to bridge. There is a &ldquo;moral&rdquo; argument for doing this, as pointed out by Pronob Sen, a principal adviser to the Planning Commission. But morality often makes for bad policy choices. Purely in economic terms, this cannot be done for long: A wage-price spiral is already on. The remedy lies in a different direction. Either the government dramatically improves the supply situation, which is difficult as it is spending little money on increasing agricultural productivity; or it will, sooner or later, have to do some demand management. This is likely to be expensive, politically that is. There is no escaping the cleft stick it is caught in.<br /><br /></div>' $lang = 'English' $SITE_URL = 'https://im4change.in/' $site_title = 'im4change' $adminprix = 'admin'</pre><pre class="stack-trace">include - APP/Template/Layout/printlayout.ctp, line 8 Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413 Cake\View\View::_render() - CORE/src/View/View.php, line 1374 Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927 Cake\View\View::render() - CORE/src/View/View.php, line 885 Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791 Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126 Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94 Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51</pre></div></pre>latest-news-updates/an-unending-money-illusion-5419.html"/> <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/> <link href="https://im4change.in/css/control.css" rel="stylesheet" type="text/css" media="all"/> <title>LATEST NEWS UPDATES | An unending money illusion | Im4change.org</title> <meta name="description" content=" The Union government recently indexed the wages of workers under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) to the consumer price index for agricultural labour (CPI-AL). The step, aimed at boosting the purchasing power of workers, came in..."/> <script src="https://im4change.in/js/jquery-1.10.2.js"></script> <script type="text/javascript" src="https://im4change.in/js/jquery-migrate.min.js"></script> <script language="javascript" type="text/javascript"> $(document).ready(function () { var img = $("img")[0]; // Get my img elem var pic_real_width, pic_real_height; $("<img/>") // Make in memory copy of image to avoid css issues .attr("src", $(img).attr("src")) .load(function () { pic_real_width = this.width; // Note: $(this).width() will not pic_real_height = this.height; // work for in memory images. }); }); </script> <style type="text/css"> @media screen { div.divFooter { display: block; } } @media print { .printbutton { display: none !important; } } </style> </head> <body> <table cellpadding="0" cellspacing="0" border="0" width="98%" align="center"> <tr> <td class="top_bg"> <div class="divFooter"> <img src="https://im4change.in/images/logo1.jpg" height="59" border="0" alt="Resource centre on India's rural distress" style="padding-top:14px;"/> </div> </td> </tr> <tr> <td id="topspace"> </td> </tr> <tr id="topspace"> <td> </td> </tr> <tr> <td height="50" style="border-bottom:1px solid #000; padding-top:10px;" class="printbutton"> <form><input type="button" value=" Print this page " onclick="window.print();return false;"/></form> </td> </tr> <tr> <td width="100%"> <h1 class="news_headlines" style="font-style:normal"> <strong>An unending money illusion</strong></h1> </td> </tr> <tr> <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3"> <br /><div align="justify">The Union government recently indexed the wages of workers under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) to the consumer price index for agricultural labour (CPI-AL). The step, aimed at boosting the purchasing power of workers, came in the midst of a controversy over the government not linking wages under MGNREGS to the minimum wage under the Minimum Wages Act, 1948.<br /><br />The wage hike, ranging from 17-30%, is likely to prove illusory. Perhaps it already is. For, in a time of spiralling inflation, even frequent wage revisions are no good as a policy measure. The only thing these do is to make poor workers the victim of what economists call “money illusion”: A rise in nominal wages is seen as something satisfying while real wages get constantly eroded by inflation. Taming inflation would be a much better policy response. That, however, is beyond the government’s powers as recent statements by home minister P. Chidambaram and finance minister Pranab Mukherjee indicate.<br /><br />In a low-inflation environment, the gap between what workers earn in wages and their productivity is either low or is within manageable proportions. In the case of MGNREGS, this link is broken. While government economists blame supply constraints for inflation and underplay the role of rising rural incomes for adding fuel to fire, the situation is more complex and may remain so in the years to come. Thanks to MGNREGS many workers have been diverted from farm labour into purely Keynesian “digging ditches” type of jobs. The result is that, in relative terms, the cost of hiring farm labour is rising and is often reflected in demands for higher minimum support prices by farmers. Anecdotal evidence from states such as Punjab, West Bengal and Andhra Pradesh suggests that such processes are already at work.<br /><br />It is this “gap”, caused by the divorce between production on farms and rising inflation that the government is trying to bridge. There is a “moral” argument for doing this, as pointed out by Pronob Sen, a principal adviser to the Planning Commission. But morality often makes for bad policy choices. Purely in economic terms, this cannot be done for long: A wage-price spiral is already on. The remedy lies in a different direction. Either the government dramatically improves the supply situation, which is difficult as it is spending little money on increasing agricultural productivity; or it will, sooner or later, have to do some demand management. This is likely to be expensive, politically that is. There is no escaping the cleft stick it is caught in.<br /><br /></div> </font> </td> </tr> <tr> <td> </td> </tr> <tr> <td height="50" style="border-top:1px solid #000; border-bottom:1px solid #000;padding-top:10px;"> <form><input type="button" value=" Print this page " onclick="window.print();return false;"/></form> </td> </tr> </table></body> </html>' } $maxBufferLength = (int) 8192 $file = '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php' $line = (int) 853 $message = 'Unable to emit headers. 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Anecdotal evidence from states such as Punjab, West Bengal and Andhra Pradesh suggests that such processes are already at work.<br /><br />It is this &ldquo;gap&rdquo;, caused by the divorce between production on farms and rising inflation that the government is trying to bridge. There is a &ldquo;moral&rdquo; argument for doing this, as pointed out by Pronob Sen, a principal adviser to the Planning Commission. But morality often makes for bad policy choices. Purely in economic terms, this cannot be done for long: A wage-price spiral is already on. The remedy lies in a different direction. Either the government dramatically improves the supply situation, which is difficult as it is spending little money on increasing agricultural productivity; or it will, sooner or later, have to do some demand management. This is likely to be expensive, politically that is. 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The only thing these do is to make poor workers the victim of what economists call &ldquo;money illusion&rdquo;: A rise in nominal wages is seen as something satisfying while real wages get constantly eroded by inflation. Taming inflation would be a much better policy response. That, however, is beyond the government&rsquo;s powers as recent statements by home minister P. Chidambaram and finance minister Pranab Mukherjee indicate.<br /> <br /> In a low-inflation environment, the gap between what workers earn in wages and their productivity is either low or is within manageable proportions. In the case of MGNREGS, this link is broken. While government economists blame supply constraints for inflation and underplay the role of rising rural incomes for adding fuel to fire, the situation is more complex and may remain so in the years to come. Thanks to MGNREGS many workers have been diverted from farm labour into purely Keynesian &ldquo;digging ditches&rdquo; type of jobs. 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That, however, is beyond the government&rsquo;s powers as recent statements by home minister P. Chidambaram and finance minister Pranab Mukherjee indicate.<br /><br />In a low-inflation environment, the gap between what workers earn in wages and their productivity is either low or is within manageable proportions. In the case of MGNREGS, this link is broken. While government economists blame supply constraints for inflation and underplay the role of rising rural incomes for adding fuel to fire, the situation is more complex and may remain so in the years to come. Thanks to MGNREGS many workers have been diverted from farm labour into purely Keynesian &ldquo;digging ditches&rdquo; type of jobs. The result is that, in relative terms, the cost of hiring farm labour is rising and is often reflected in demands for higher minimum support prices by farmers. Anecdotal evidence from states such as Punjab, West Bengal and Andhra Pradesh suggests that such processes are already at work.<br /><br />It is this &ldquo;gap&rdquo;, caused by the divorce between production on farms and rising inflation that the government is trying to bridge. There is a &ldquo;moral&rdquo; argument for doing this, as pointed out by Pronob Sen, a principal adviser to the Planning Commission. But morality often makes for bad policy choices. Purely in economic terms, this cannot be done for long: A wage-price spiral is already on. The remedy lies in a different direction. Either the government dramatically improves the supply situation, which is difficult as it is spending little money on increasing agricultural productivity; or it will, sooner or later, have to do some demand management. This is likely to be expensive, politically that is. 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The step, aimed at boosting the purchasing power of workers, came in..."/> <script src="https://im4change.in/js/jquery-1.10.2.js"></script> <script type="text/javascript" src="https://im4change.in/js/jquery-migrate.min.js"></script> <script language="javascript" type="text/javascript"> $(document).ready(function () { var img = $("img")[0]; // Get my img elem var pic_real_width, pic_real_height; $("<img/>") // Make in memory copy of image to avoid css issues .attr("src", $(img).attr("src")) .load(function () { pic_real_width = this.width; // Note: $(this).width() will not pic_real_height = this.height; // work for in memory images. }); }); </script> <style type="text/css"> @media screen { div.divFooter { display: block; } } @media print { .printbutton { display: none !important; } } </style> </head> <body> <table cellpadding="0" cellspacing="0" border="0" width="98%" align="center"> <tr> <td class="top_bg"> <div class="divFooter"> <img src="https://im4change.in/images/logo1.jpg" height="59" border="0" alt="Resource centre on India's rural distress" style="padding-top:14px;"/> </div> </td> </tr> <tr> <td id="topspace"> </td> </tr> <tr id="topspace"> <td> </td> </tr> <tr> <td height="50" style="border-bottom:1px solid #000; padding-top:10px;" class="printbutton"> <form><input type="button" value=" Print this page " onclick="window.print();return false;"/></form> </td> </tr> <tr> <td width="100%"> <h1 class="news_headlines" style="font-style:normal"> <strong>An unending money illusion</strong></h1> </td> </tr> <tr> <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3"> <br /><div align="justify">The Union government recently indexed the wages of workers under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) to the consumer price index for agricultural labour (CPI-AL). The step, aimed at boosting the purchasing power of workers, came in the midst of a controversy over the government not linking wages under MGNREGS to the minimum wage under the Minimum Wages Act, 1948.<br /><br />The wage hike, ranging from 17-30%, is likely to prove illusory. Perhaps it already is. For, in a time of spiralling inflation, even frequent wage revisions are no good as a policy measure. The only thing these do is to make poor workers the victim of what economists call “money illusion”: A rise in nominal wages is seen as something satisfying while real wages get constantly eroded by inflation. Taming inflation would be a much better policy response. That, however, is beyond the government’s powers as recent statements by home minister P. Chidambaram and finance minister Pranab Mukherjee indicate.<br /><br />In a low-inflation environment, the gap between what workers earn in wages and their productivity is either low or is within manageable proportions. In the case of MGNREGS, this link is broken. While government economists blame supply constraints for inflation and underplay the role of rising rural incomes for adding fuel to fire, the situation is more complex and may remain so in the years to come. Thanks to MGNREGS many workers have been diverted from farm labour into purely Keynesian “digging ditches” type of jobs. The result is that, in relative terms, the cost of hiring farm labour is rising and is often reflected in demands for higher minimum support prices by farmers. Anecdotal evidence from states such as Punjab, West Bengal and Andhra Pradesh suggests that such processes are already at work.<br /><br />It is this “gap”, caused by the divorce between production on farms and rising inflation that the government is trying to bridge. There is a “moral” argument for doing this, as pointed out by Pronob Sen, a principal adviser to the Planning Commission. But morality often makes for bad policy choices. Purely in economic terms, this cannot be done for long: A wage-price spiral is already on. The remedy lies in a different direction. Either the government dramatically improves the supply situation, which is difficult as it is spending little money on increasing agricultural productivity; or it will, sooner or later, have to do some demand management. This is likely to be expensive, politically that is. There is no escaping the cleft stick it is caught in.<br /><br /></div> </font> </td> </tr> <tr> <td> </td> </tr> <tr> <td height="50" style="border-top:1px solid #000; border-bottom:1px solid #000;padding-top:10px;"> <form><input type="button" value=" Print this page " onclick="window.print();return false;"/></form> </td> </tr> </table></body> </html>' } $reasonPhrase = 'OK'header - [internal], line ?? 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The step, aimed at boosting the purchasing power of workers, came in...' $disp = '<br /><div align="justify">The Union government recently indexed the wages of workers under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) to the consumer price index for agricultural labour (CPI-AL). The step, aimed at boosting the purchasing power of workers, came in the midst of a controversy over the government not linking wages under MGNREGS to the minimum wage under the Minimum Wages Act, 1948.<br /><br />The wage hike, ranging from 17-30%, is likely to prove illusory. Perhaps it already is. For, in a time of spiralling inflation, even frequent wage revisions are no good as a policy measure. The only thing these do is to make poor workers the victim of what economists call &ldquo;money illusion&rdquo;: A rise in nominal wages is seen as something satisfying while real wages get constantly eroded by inflation. Taming inflation would be a much better policy response. That, however, is beyond the government&rsquo;s powers as recent statements by home minister P. Chidambaram and finance minister Pranab Mukherjee indicate.<br /><br />In a low-inflation environment, the gap between what workers earn in wages and their productivity is either low or is within manageable proportions. In the case of MGNREGS, this link is broken. While government economists blame supply constraints for inflation and underplay the role of rising rural incomes for adding fuel to fire, the situation is more complex and may remain so in the years to come. Thanks to MGNREGS many workers have been diverted from farm labour into purely Keynesian &ldquo;digging ditches&rdquo; type of jobs. The result is that, in relative terms, the cost of hiring farm labour is rising and is often reflected in demands for higher minimum support prices by farmers. Anecdotal evidence from states such as Punjab, West Bengal and Andhra Pradesh suggests that such processes are already at work.<br /><br />It is this &ldquo;gap&rdquo;, caused by the divorce between production on farms and rising inflation that the government is trying to bridge. There is a &ldquo;moral&rdquo; argument for doing this, as pointed out by Pronob Sen, a principal adviser to the Planning Commission. But morality often makes for bad policy choices. Purely in economic terms, this cannot be done for long: A wage-price spiral is already on. The remedy lies in a different direction. Either the government dramatically improves the supply situation, which is difficult as it is spending little money on increasing agricultural productivity; or it will, sooner or later, have to do some demand management. This is likely to be expensive, politically that is. There is no escaping the cleft stick it is caught in.<br /><br /></div>' $lang = 'English' $SITE_URL = 'https://im4change.in/' $site_title = 'im4change' $adminprix = 'admin'</pre><pre class="stack-trace">include - APP/Template/Layout/printlayout.ctp, line 8 Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413 Cake\View\View::_render() - CORE/src/View/View.php, line 1374 Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927 Cake\View\View::render() - CORE/src/View/View.php, line 885 Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791 Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126 Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94 Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51</pre></div></pre>latest-news-updates/an-unending-money-illusion-5419.html"/> <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/> <link href="https://im4change.in/css/control.css" rel="stylesheet" type="text/css" media="all"/> <title>LATEST NEWS UPDATES | An unending money illusion | Im4change.org</title> <meta name="description" content=" The Union government recently indexed the wages of workers under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) to the consumer price index for agricultural labour (CPI-AL). The step, aimed at boosting the purchasing power of workers, came in..."/> <script src="https://im4change.in/js/jquery-1.10.2.js"></script> <script type="text/javascript" src="https://im4change.in/js/jquery-migrate.min.js"></script> <script language="javascript" type="text/javascript"> $(document).ready(function () { var img = $("img")[0]; // Get my img elem var pic_real_width, pic_real_height; $("<img/>") // Make in memory copy of image to avoid css issues .attr("src", $(img).attr("src")) .load(function () { pic_real_width = this.width; // Note: $(this).width() will not pic_real_height = this.height; // work for in memory images. }); }); </script> <style type="text/css"> @media screen { div.divFooter { display: block; } } @media print { .printbutton { display: none !important; } } </style> </head> <body> <table cellpadding="0" cellspacing="0" border="0" width="98%" align="center"> <tr> <td class="top_bg"> <div class="divFooter"> <img src="https://im4change.in/images/logo1.jpg" height="59" border="0" alt="Resource centre on India's rural distress" style="padding-top:14px;"/> </div> </td> </tr> <tr> <td id="topspace"> </td> </tr> <tr id="topspace"> <td> </td> </tr> <tr> <td height="50" style="border-bottom:1px solid #000; padding-top:10px;" class="printbutton"> <form><input type="button" value=" Print this page " onclick="window.print();return false;"/></form> </td> </tr> <tr> <td width="100%"> <h1 class="news_headlines" style="font-style:normal"> <strong>An unending money illusion</strong></h1> </td> </tr> <tr> <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3"> <br /><div align="justify">The Union government recently indexed the wages of workers under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) to the consumer price index for agricultural labour (CPI-AL). The step, aimed at boosting the purchasing power of workers, came in the midst of a controversy over the government not linking wages under MGNREGS to the minimum wage under the Minimum Wages Act, 1948.<br /><br />The wage hike, ranging from 17-30%, is likely to prove illusory. Perhaps it already is. For, in a time of spiralling inflation, even frequent wage revisions are no good as a policy measure. The only thing these do is to make poor workers the victim of what economists call “money illusion”: A rise in nominal wages is seen as something satisfying while real wages get constantly eroded by inflation. Taming inflation would be a much better policy response. That, however, is beyond the government’s powers as recent statements by home minister P. Chidambaram and finance minister Pranab Mukherjee indicate.<br /><br />In a low-inflation environment, the gap between what workers earn in wages and their productivity is either low or is within manageable proportions. In the case of MGNREGS, this link is broken. While government economists blame supply constraints for inflation and underplay the role of rising rural incomes for adding fuel to fire, the situation is more complex and may remain so in the years to come. Thanks to MGNREGS many workers have been diverted from farm labour into purely Keynesian “digging ditches” type of jobs. The result is that, in relative terms, the cost of hiring farm labour is rising and is often reflected in demands for higher minimum support prices by farmers. Anecdotal evidence from states such as Punjab, West Bengal and Andhra Pradesh suggests that such processes are already at work.<br /><br />It is this “gap”, caused by the divorce between production on farms and rising inflation that the government is trying to bridge. There is a “moral” argument for doing this, as pointed out by Pronob Sen, a principal adviser to the Planning Commission. But morality often makes for bad policy choices. Purely in economic terms, this cannot be done for long: A wage-price spiral is already on. The remedy lies in a different direction. Either the government dramatically improves the supply situation, which is difficult as it is spending little money on increasing agricultural productivity; or it will, sooner or later, have to do some demand management. This is likely to be expensive, politically that is. There is no escaping the cleft stick it is caught in.<br /><br /></div> </font> </td> </tr> <tr> <td> </td> </tr> <tr> <td height="50" style="border-top:1px solid #000; border-bottom:1px solid #000;padding-top:10px;"> <form><input type="button" value=" Print this page " onclick="window.print();return false;"/></form> </td> </tr> </table></body> </html>' } $cookies = [] $values = [ (int) 0 => 'text/html; charset=UTF-8' ] $name = 'Content-Type' $first = true $value = 'text/html; charset=UTF-8'header - [internal], line ?? 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The only thing these do is to make poor workers the victim of what economists call “money illusion”: A rise in nominal wages is seen as something satisfying while real wages get constantly eroded by inflation. Taming inflation would be a much better policy response. That, however, is beyond the government’s powers as recent statements by home minister P. Chidambaram and finance minister Pranab Mukherjee indicate.<br /> <br /> In a low-inflation environment, the gap between what workers earn in wages and their productivity is either low or is within manageable proportions. In the case of MGNREGS, this link is broken. While government economists blame supply constraints for inflation and underplay the role of rising rural incomes for adding fuel to fire, the situation is more complex and may remain so in the years to come. Thanks to MGNREGS many workers have been diverted from farm labour into purely Keynesian “digging ditches” type of jobs. 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An unending money illusion |
The Union government recently indexed the wages of workers under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) to the consumer price index for agricultural labour (CPI-AL). The step, aimed at boosting the purchasing power of workers, came in the midst of a controversy over the government not linking wages under MGNREGS to the minimum wage under the Minimum Wages Act, 1948.
The wage hike, ranging from 17-30%, is likely to prove illusory. Perhaps it already is. For, in a time of spiralling inflation, even frequent wage revisions are no good as a policy measure. The only thing these do is to make poor workers the victim of what economists call “money illusion”: A rise in nominal wages is seen as something satisfying while real wages get constantly eroded by inflation. Taming inflation would be a much better policy response. That, however, is beyond the government’s powers as recent statements by home minister P. Chidambaram and finance minister Pranab Mukherjee indicate. In a low-inflation environment, the gap between what workers earn in wages and their productivity is either low or is within manageable proportions. In the case of MGNREGS, this link is broken. While government economists blame supply constraints for inflation and underplay the role of rising rural incomes for adding fuel to fire, the situation is more complex and may remain so in the years to come. Thanks to MGNREGS many workers have been diverted from farm labour into purely Keynesian “digging ditches” type of jobs. The result is that, in relative terms, the cost of hiring farm labour is rising and is often reflected in demands for higher minimum support prices by farmers. Anecdotal evidence from states such as Punjab, West Bengal and Andhra Pradesh suggests that such processes are already at work. It is this “gap”, caused by the divorce between production on farms and rising inflation that the government is trying to bridge. There is a “moral” argument for doing this, as pointed out by Pronob Sen, a principal adviser to the Planning Commission. But morality often makes for bad policy choices. Purely in economic terms, this cannot be done for long: A wage-price spiral is already on. The remedy lies in a different direction. Either the government dramatically improves the supply situation, which is difficult as it is spending little money on increasing agricultural productivity; or it will, sooner or later, have to do some demand management. This is likely to be expensive, politically that is. There is no escaping the cleft stick it is caught in. |