-Business Today Apparently it is not just jobless growth that we should be worrying about. Rather, according to a new report by the International Labour Organization (ILO), a far greater concern is the fact that vulnerable employment is on the rise. According to the World Employment and Social Outlook: Trends 2018 report, while the global unemployment rate is expected to stabilize at around 5.5% over the next couple of years, the...
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Forced formalisation is not healthy -C Rammanohar Reddy
-Business Standard The large informal sector is a consequence - not a cause - of the low level of development For decades, one of the central aims of economic policy in India has been to create conditions for workers to move from low- to high-income employment. This has usually implied a shift from the informal sector where productivity is low, to the formal sector where productivity is high. This process of “formalisation”...
More »Pranab Bardhan, professor of graduate school in the department of economics at the University of California (Berkeley), interviewed by Devadeep Purohit (The Telegraph)
-The Telegraph The Left in Bengal had often criticised him whenever he red-flagged excessive local tyranny, and spoke about the industrial decline in Bengal. The incumbent ruling party may make tall claims about changes in Bengal since the Trinamul government came to power but he has been candid enough to suggest that he hasn't seen much change either in industrial expansion or in investment in infrastructure. Former Prime Minister Manmohan Singh has...
More »77% of Indian workers to have vulnerable employment by 2019: ILO -Prashant K Nanda
-Livemint.com Despite economic growth, 72% of workers in South Asia including India and 46% in South-eastern Asia will have vulnerable employment by 2019 New Delhi: The Asia-Pacific region will add 23 million jobs between 2017-19, aided by employment growth in South Asian nations, including India, according to the International Labour Organization (ILO). But a lot of the jobs being created are of poor quality despite strong economic growth and some 77% of workers...
More »A job crisis, in figures -Radhicka Kapoor
-The Indian Express Multiple data sets confirm sluggish pace of employment creation. Paucity of data can no longer be an excuse for the lack of debate. Jobs are an integral part of India’s political narrative today. This is unsurprising because the NDA came to power on the promise of creating a large number of jobs for India’s rapidly rising work force. However, much of the debate on employment performance over the last...
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