Mains Question:
“Even though unemployment is a burning issues in the Indian economy, the real concern is wages”. Comment (150 words)
Approach
- Introduction- brief about dropped labour participation rate
- Wages vs employment
- Issues in the labour laws
- Exploitation from employers
- degraded the quality of secured jobs
- Required reforms from the government
- Creation of high-paying jobs by raising the productivity of states, cities, sectors, firms, and skills
- making employee contribution optional
- providing option to choose the handler of employer contributions
- capping of social security programme charges to their costs
- Ease of doing business interventions
- Reformed labour laws
- Conclude accordingly
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