Fifty thousand jobs? The U.S. economy has lost that many every week, on average, for a straight 140 weeks since December 2007. Now that the media's gush and drool over the Obama visit has run dry — thanks to other far more interesting events — it might be worth looking at a couple of ‘outcomes' that much of our media seemed pretty taken with.‘Twenty deals worth 10 billion dollars that create...
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Understanding the Puzzling Nature of Poverty by Akash Kapur
Rahul Gandhi, the general secretary of India’s Congress party, often says that there exist “two Indias” — one of the rich, and one of the poor. Those two Indias were in evidence a couple of weeks ago, when closely timed events on opposite sides of the planet brought into relief the deep divides that in many ways define this country. In Mumbai on Nov. 7, President Barack Obama told a group of...
More »Employment conundrum
The recently published survey of employment and unemployment in India, conducted in 300 districts across the country, shows once again that without a reform of India’s archaic labour laws, the share of salaried employed will continue to remain low. The employment-unemployment survey was conducted by the Labour Bureau of the Union Ministry of Labour and Employment. Public attention has largely focused on the unemployment number that the survey threw up....
More »Child labour, still a common practice in large parts of rural India by Bidisha Fouzdar
In a small pastoral vand (hamlet) in Kutch, Gujarat, 10 year old Ramu wakes up at five in the morning. His mother serves him a hasty breakfast of bajra rotis after which he is packed off to the pasturelands surrounding their small hamlet to graze the family's buffaloes. Since his village does not have a working school, grazing the livestock is gainful employment from the point of view of Ramu's...
More »UN study finds most people worldwide have no social security
Basic social security remains out of reach for most people across the world, especially in poorer countries, despite the crucial role it plays in cushioning people from the consequences of economic crises, according to a United Nations report unveiled today. The “World Social Security Report 2010-2011: Providing coverage in times of crisis and beyond,” prepared by the UN International Labour Organization (ILO), examines the gaps in access to social security programmes...
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