The annual report of the International Institute for Labour Studies projects a grim future for employment prospects. WITH the United States and much of Europe grappling with the slowdown in their economies and the resultant social unrest, the publication of the World of Work Report 2011: Making Markets Work for Jobs could not have come at a more opportune moment. Brought out by the International Institute for Labour Studies, which was...
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Bihar's economic growth causing labour shortages, higher wage bills in other parts of India by Ravi Teja Sharma
Bihar's recent economic growth has created a peculiar problem for real estate and infrastructure firms in other parts of the country. Migrant labour from the state constitutes around 50% of the Unskilled workers employed in these sectors nationally, but increased government expenditure and private investment has caused rural migration from Bihar to fall by a third in recent years, resulting in labour shortages and 35-50% higher wage bills for real estate...
More »Digging holes
-The Economist A maverick minister lays into a hallowed programme IT LOOKS like risky politics for Jairam Ramesh, who runs India’s biggest civilian ministry, in charge of rural development, to lash out at his own government’s flagship welfare scheme. Mr Ramesh, who got his cabinet post in July, has sparked a row in the past week over corruption and poor results within a public programme that guarantees 100 days of paid work...
More »Shortages in a labour-surplus economy by N Chandra Mohan
Although India is a labour-surplus economy – with an unlimited number of workers willing to work at a subsistence wage – a paradoxical feature of the labour market is the rising incidence of scarcity or shortages amid a situation of potential plenty. No doubt, this pertains to skilled labour. But when 15 per cent of Indian trucks are idle owing to a shortage of drivers or India Inc is worried...
More »Rural Development Minister Jairam Ramesh opposes idea of suspending MGNREGA
-The Economic Times Concern over protecting the 'holy cow' status to the job guarantee programme, MGNREGA, appears to be overshadowing genuine worries in the government over increasing shortage of unskilled farm labour. Shooting down a suggestion from Agriculture Minister Sharad Pawar that the programme may be suspended during the peak farming season, Rural Development Minister Jairam Ramesh has said that there should not be any dilution in the programme. In an...
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