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- SECI Recruitment 2023
- Kavikulaguru Kalidas Sanskrit University (kksu) recruitment 2023
- Rail Vikas Nigam Limited Recruitment 2023
- IB Recruitment 2023
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- Institute For Plasma Research Recruitment 2023
- Kochi Metro Rail Limited Recruitment 2023
- Indian Coast Guard Recruitment 2023
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- EdCIL Recruitment 2023: Apply Online for 39 Consultant Posts
- MP Metro Rail Junior Assistant Recruitment 2023: Apply Online for 04 Posts
- FSNL Executive Recruitment 2023-24: Apply Online for 35 Various Posts
- SHS Bihar Recruitment 2023-24: 389 Various Posts
- CeNS Bangalore Recruitment 2023-24: Scientist ‘B’
- BHEL Recruitment 2023 for Medical Officers (MBBS)
- Apply for MUMKIN - Livelihood Generation Scheme, Jammu and Kashmir
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- BARC Recruitment 2021 for Laboratory Assistant at Tarapur
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- BARC Recruitment 2021 for Mechanic Diesel at Tarapur
- BARC Recruitment 2021 for Welder GMAW & GTAW at Tarapur
- BARC Recruitment 2021 for Instrument Mechanic at Tarapur
- BARC Recruitment 2021 for Machinist at Tarapur
- BARC Recruitment 2021 for Electronic Mechanic at Tarapur
- BARC Recruitment 2021 for Electrician at Tarapur
- BARC Recruitment 2021 for Welder at Tarapur
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- BARC Recruitment 2021 for AC Mechanic at Tarapur
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Though their protests failed to achieve a positive outcome, the daily-wage workers in Mumbai and other cities had the incentive to continue their protest for the seventh day. After all, the central government’s job guarantee scheme had faced severe criticism from NGOs and the media on account of its shortcomings in implementing its mandate. As pointed out by the media, job guarantee schemes cannot be seen as real solutions to India’s unemployment woes, but rather as a catch-up effort by the incumbent government. As employment opportunities diminish further, workers’ protests are likely to grow in number in other parts of the country.
Job Guarantee Exacerbates Jobless Growth
By the last quarter of 2012, jobless growth in India was 10% of the country’s workforce. As India’s population grows, this trend is expected to exacerbate the existing crisis. In 2010, unemployment accounted for 36% of the country’s labour force.
Job Guarantee For Banks
With the proposed job guarantee scheme, India’s job market could see unprecedented growth as banks try to get re-established and re-established to deal with large numbers of jobless unemployed people, who would attempt to earn their daily wage by selling vegetables, fruits and other products.
Labour Force Participation In India
At 41% of the Indian workforce, India’s jobless growth is certainly alarming. This situation is further exacerbated by the labour force participation rate, which stands at an abysmal 40.8%. This explains the significant investment by the central government in job guarantee schemes.
Re-Employment Efforts Fail
Since 2004, India has been engaged in a fierce fight against unemployment. The government has spent millions of rupees on re-employment initiatives, with many successful initiatives. However, these initiatives have suffered from several shortcomings. The main problem is that companies do not want to engage in fresh investments as they do not think re-employment efforts would be of many benefits. Instead, they want to hire fresh graduates in large numbers for employment, increasing unemployment.
Re-Employment Efforts Fail For Up To 70%
With increasing unemployment, India’s job market could see massive growth. As a result, the government plans to invest more in the job guarantee scheme, pushing it towards the maximum extension it can. One positive outcome is that government schemes are likely to provide new jobs to many new entrants, but the existing unemployment problem will only be exacerbated.
Conclusion
Whether the wage bill is increased or not is not the most relevant issue at this point. What is important is that new jobs will be created and that existing jobs will not be eliminated, especially those related to services. If there are no new jobs, the existing job market will simply be left to perish. Also, it would not be a bad idea for the government to consider the possibility
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