-TheWire.in The bargain between companies and their 'employees' must become more equitable. The continuation of the Russia-Ukraine war is raising the fear of an imminent stagflation (a combination of inflation and Unemployment led by a low growth). Worldwide inflation numbers are on the rise. Most sources of data are suggesting a higher inflationary regime. In March 2022, the US, the largest economy in the world, recorded a 41-year high inflation of 8.1%....
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Is India Facing a Post-pandemic Employment Crisis? -Murali Krishnan
-Newsclick.in India's job market is tightening, and skilled workers are finding it harder to enter the workforce. Government job drives and the informal economy have been unable to make up the difference. Pramod Lal is a 23-year-old recent business graduate from northern India, who thought he had the credentials to be competitive in the job market. However, Lal's attempts to start a career have yet to succeed. "Education is no guarantee for a...
More »Covid mismanagement worsened Unemployment problem -Santosh Mehrotra
-Deccan Herald What the 2020 annual Periodic Labour Force Survey data reveals is that the situation remains grim The Covid-19 pandemic has only worsened what was already a joblessness crisis in early 2020. The third annual labour force survey (2019-20) by the National Sample Survey Office (NSSO), covering the period till June 30, 2020, told a grim story. Earlier, the NSSO had in 2017-18 reported that open Unemployment had reached a 45-year...
More »Poor Economics: Has India’s poverty really fallen? -Santosh Mehrotra & Jajati Parida
-Financial Express Dataset and methodological weaknesses cast doubt on recent poverty estimates that claim drastic reduction Bhalla, Bhasin and Virmani in a working paper (IMF), claimed India’s poverty, per a $1.9 per person per day poverty line (at PPP), was 0.9% of the population in 2020. Thanks to government transfer of free rations of 5 kg per person month, it fell to 0.8% (from 0.9% in 2019). Roy and de Velt, for...
More »2 Crore Women in India Quit Workforce in 2017-22
-Newsclick.in More than 50% of Indians of legal working age don’t want a job due to the lack of suitable employment: CMIE More than 50% of the 90 crore Indians of legal working age, particularly women, don’t want a job due to increasing frustration of not finding the right kind of employment. The shocking data was reported by the Centre for Monitoring Indian Economy (CMIE), a private research firm in Mumbai. Between 2017...
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