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LATEST NEWS UPDATES | The many layers of our unemployment problem -Himanshu

The many layers of our unemployment problem -Himanshu

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published Published on Feb 11, 2022   modified Modified on Feb 16, 2022

-Livemint.com

We need long-term solutions as we also have plenty of joblessness that is disguised as employment

Last month witnessed protests in several parts of north India by students who had appeared for the Non-Technical Popular Categories exam conducted by the Railway Recruitment Board. This was to fill up 35,000 posts for which 12.5 million candidates had applied. While the RRB’s decision to set up a committee to examine the issue may have pacified students for the time being, it is unlikely to offer any solution for the bigger problem of employment and earnings in the Indian economy.

 As an employer, the Railways is our second largest after the defence ministry. But its problem is not with the recruitment process but the huge number of applicants for low-skill jobs. How big is 12.5 million? It is almost 10% of all those aged 20-25 in the country. So every tenth person in this age group was an applicant for the lowest category of employment in the Railways.

None of this is unknown and multiple data sources, including the government’s own estimates from Periodic Labour Force Surveys (PLFS), have shown the enormity of our employment crisis. Even by the PLFS, the 18-25 age group’s unemployment rate at 24.5% for 2019-20 is not only extremely high, it’s among the highest in the world if small and conflict-ridden countries are excluded. 

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Livemint.com, 11 February, 2022, https://www.livemint.com/opinion/columns/a-lack-of-jobs-is-only-one-part-of-india-s-unemployment-problem-11644511433433.html


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