- One of the most troublesome aspects for any aspiring/developed economies is to ensure the people in their prime are not only provided with adequate skill enhancement programmes/trainings through institutions but also offered adequate opportunities to secure jobs commensurate with their acquired skill sets. Remember, no country can lay claim to be on the path of progress without providing diverse job/employment opportunities for youngsters and their ilk to contribute to the country’s overall growth. One of the most significant parameters of any healthy economy is the choices available for graduating youngsters to execute their skill sets. The absence of the same conversely denotes fundamental challenges as well.
PC: ABP Live – ABP News
- What about the employment scenario in an aspirational country like India when the incumbent government at the centre leaves no opportunity to go begging in proclaiming that India is poised to be counted among the most advanced nations by the year 2047. However, the reality on the ground is quite the opposite of what is being claimed. The employment opportunities are not in sync with the number of job seekers out in the market. Despite concerted efforts by government authorities and the private sector to spruce up employment opportunities, the frustrating wait for aspiring job seekers remains a great challenge. Most disconcertingly, the wages offered to the aspiring job seekers are also causing a lot of heartburn among young people.
PC: Dailyhunt
- As reported recently, the country witnessed agitation by the factory workers in Noida demanding a rise in the minimum wages. Nonetheless, what can be deduced from the rising frustration among the young job aspirants is that a reasonable minimum wage addresses one labour market issue. The bigger picture is too few jobs on offer, which is an even bigger challenge. To its credit, the Uttar Pradesh government moved swiftly and rightly at that to raise minimum wages in the National Capital Region (NCR) zones Noida and Ghaziabad, after protests by factory workers in Noida. In hindsight, the protest should have been anticipated, though, since the trigger was Haryana raising its minimum wages from April 1.
PC: Dynamite News
- This also meant higher wages in NCR’s Gurgaon and Faridabad. But setting minimum wages is a delicate dance. For instance, the new rate for skilled workers in Noida and Ghaziabad – a little less than Rs.16,900 pm – is still lower than Delhi’s, about Rs.22,400 pm for skilled workers. Haryana’s new skilled-worker rate is Rs.18,500; for highly skilled workers, its Rs.19,425. Yes, there is a solid argument for NCR neighbourhoods to have a uniform wage policy, accounting for industry diversity and market needs. But when four different govts set minimum wages in what is essentially one economic area, it’s a recipe for trouble. NCR is India’s largest labour market. Ramping up job opportunities should be prioritized. Few jobs mean more trouble. Simple.
