-The Hindu Their working hours were reduced, says agency in report Women and lower-paid workers have disproportionately borne the brunt of the decrease in wages due to the COVID-19 crisis as their working hours were reduced, according to the International Labour Organisation’s (ILO) Global Wage Report 2020-2021. The report, released on Wednesday, said global wage growth fluctuated between 1.6% and 2.2% in the four years preceding the pandemic, that is 2016 to 2019. “In...
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The Indian economic recovery seems led by profits, not wages -Niranjan Rajadhyaksha
-Livemint.com Such a recovery will be stress-tested in an economy with excess capacity. That is why wages matter The first estimates of economic growth in the September quarter indicate that India’s ongoing recovery has been better than expected. This is a good time to resurrect a question this column had raised in August: Will the economic recovery be led by profits or wages? The answer matters because it has implications for aggregate...
More »Social Security Code Limits Workers Access to Benefits Through Bureaucracy-Raj -KR Shyam Sundar
-Newsclick.in The Unorganised Workers’ Social Security Act, 2008 (UWSSA) rightly conceives a “decentralised registration model” at the local levels with the help of the Workers’ Facilitation Centres (WFCs). Unimaginative and obscure rulemaking will make it difficult for workers to access benefits that the law entitles them to, argues Dr. K R Shyam Sundar. The government has endorsed the unjustified stinker of a tag of “Inspector-Raj”, crowned by the business class to labour and...
More »Why Recovery at Cost of Worker Immiserisation Won’t Last Long -Prabhat Patnaik
-Newsclick.in GDP recovery from the lockdown-induced abyss is accompanied by significant labour displacement and squeeze on wages, which will impact aggregate demand. Ministers from Narendra Modi to Nirmala Sitharaman are talking about a recovery of the Indian economy from the pandemic-induced crisis. Even the Reserve Bank of India (RBI), which estimated the second quarter GDP growth to have been -8.6%, has seen signs of recovery in October. Of course, there had to be...
More »Labour ministry seeks stakeholders’ comments on draft rules under OSH Code
-The Hindu/ PTI The labour ministry has sought feedback of stakeholders on the draft rules under the Occupational Safety, Health and Working Conditions (OSH) Code, 2020. The feedback can be provided within 45 days starting Thursday (November 19). Thereafter, the ministry would finalise the rules to implement the OSH Code. “The Ministry of Labour and Employment has notified the draft rules under the Occupational Safety, Health and Working Conditions Code, 2020, on November...
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