Article;
Stiff Wage-Laws Hold INDIA from Tackling High Unemployment And Low Manufacturing Base
Comment;
If there is
unemployment in the economy wages should fall to achieve full- employment but
if the economy is close to full employment wages will rise because the market
then will compete for labor. Comparing INDIA where unemployment is 2.2% and
South Africa where unemployment is 25% is not reasonable because in South
Africa the pressure on wages is to go down to absorb all the labor but in INDIA
the pressure on wages is to go up because of full-employment...
No comments:
Post a Comment