Skip to main content

'New jobs distress-driven': Economists criticise CMIE claim of upward trend in employment

By Our Representative 
At a time when the Centre for Monitoring Indian Economy’s (CMIE's) report claims an upward trend in employment in India’s labour market with 15 million people entering the workforce, senior economists have sought to expose the claim by stating that a fall in unemployment is not equal to a rise in employment. 
Most of the new jobs are distress-driven, they noted. While the data shows that the average earnings of the entire workforce is going up, if we break it down into different categories, we see real earnings are going up only for casual work; in other categories the earnings are either stagnant or going down in real terms. Also, the percentage of employers, the job givers, is stagnating.
This was revealed at a two-day conference on Fnance and Economy: Measuring Recovery in Delhi, organised by the Centre for Financial Accountability, the Economic Research Foundation and the Focus on the Global South.
“The type of job that constitutes the highest share of the workforce is not just hugely precarious in its nature, but also the real earnings from the job have not seen any rise,” Mrinalini Jha of the OP Jindal Global University said.
“Now we have to challenge labour statistics as well! These have been twisted to show that there is no problem of female unemployment. Now we have begun counting the unpaid domestic work, but to what end, does it actually empower women? If we really care about their work, we must invest in infrastructure that supports them like childcare facilities, but our interest lies in just counting their work, and driving employment figures,” Dipa Sinha, Asst Professor, Ambedkar University, Delhi, said, alluding to the employment data of the government.
The conference discussed issues like official claims on recovery, unequal K-shaped recovery, corporate write-offs and rural debt crisis, labour, wages and social protection, Muslims and financial recovery. 
“Govt's exaggerated claims about India's rapid growth are echoed even by the UN and IMF, relying on the government-provided data. But their data collection method is deeply flawed. New indicators are required based on fresh surveys. But no new survey of the unorganised sector has been conducted since 2015,” said black money expert and retired Professor of Economics, Jawaharlal Nehru University  Arun Kumar. 
“There is a recognition on the part of the Reserve Bank of India in recent times of the global headwinds we are faced with. These include challenges of a daunting cost of living crisis, high levels of sovereign debt, tight financial conditions, uncertainties of war, climate crisis and so on. And yet, there is a rather celebratory note in the self-appraisal of the government in terms of India’s economic recovery,” he said, busting the claims of the government about economic recovery.
We have gone one step further from cronyism. Nexus between governments and conglomerates has been strengthened like never before
CP Chandrashekhar, retired Professor of Economics & Economic Research Foundation, spoke about a peculiar inflationary rise in India driven by two large contributors comprising oil and food that have added to the woes of the people. He also spoke of the large amount of money that came into lower middle-income countries, which ultimately has resulted in rising debt. 
Senior journalist Paranjoy Guha Thakurta said, “We have gone one step further from cronyism. The nexus between governments and conglomerates has been strengthened like never before. We are moving towards oligarchy.”
Speaking on 'Fractured Recovery - Socio- Economic toll of Divisive Politics’, speakers shed light on the impact of divisive politics on the lives and economic opportunities available for the Muslim community, focusing on how Muslims are ghettoized, not just in terms of their living spaces in cities but also as segments of the labour market.
The conference marked the release of the second edition of the State of Finance in India report. Edited by CP Chandrashekhar, Jayati Ghosh, Shalmali Guttal, Joe Athialy and Anirban Bhattacharya, and published by Yoda Press, the report, it was pointed out, is a first of its kind that expands the domain of finance and economics beyond the confines of ivory tower experts. The report invites writings from a cross section of academics, policy makers, activists, social practitioners and eminent economists who engage with questions from the ground.
Others who spoke at the conference included Surajit Mazumdar, Professor, CESP, JNU; Devidas Tuljapurkar, Joint Secretary of the All India Bank Employees Association; Thomas Franco, Former General Secretary the All India Bank Officers Confederation; Arvind Pandey, Asst Professor, TISS, Hyderabad; Praveen Jha, Professor, CESP, JNU; Chirashree Dasgupta, Associate Professor, JNU; Ritwick Dutta, Founder of LIFE; Manshi Asher, environmental justice activist; Nandini Nayak, Assistant Professor at the School of Development Studies, Ambedkar University Delhi; and Ghazala Jamil, Asst Professor JNU. 

Comments

TRENDING

New Odia CM's tribal heritage 'sets him apart' from Hindutva Brahminical norms

By Bhabani Shankar Nayak*  Mohan Charan Majhi took the oath as the new Chief Minister of Odisha following the electoral defeat of the BJD led by Naveen Patnaik, who served as Chief Minister for twenty-four years. The new Chief Minister is the son of a security guard and a four-time MLA who hails from the remote village of Raikala in the Keonjhar district. He belongs to the Santali tribe and comes from a working-class family. Such achievements and political mobilities are possible only in a democratic society. Majhi’s leadership even in the form of symbolic representation in a democracy deserves celebration.

AMR: A gathering storm that threatens a century of progress in medicine

By Bobby Ramakant*  A strategic roundtable on “Charting a new path forward for global action against Antimicrobial Resistance (AMR)” was organised at the 77th World Health Assembly or WHA (WHA is the apex decision-making body of the World Health Organization – WHO, which is attended by all countries that are part of the WHO – a United Nations health agency). AMR is among the top-10 global health threats “Antimicrobial Resistance (AMR) is a growing and urgent crisis which is already a leading cause of untimely deaths globally. More than 2 people die of AMR every single minute,” said Dr Tedros Adhanom Ghebreyesus, Director General of the WHO. “AMR threatens to unwind centuries of progress in human health, animal health, and other sectors.”

What stops Kavach? Why no time to focus on common trains meant for common people?

By Atanu Roy  A goods train rammed into Kanchenjunga Express on 17th June morning in North Bengal. This could have been averted if the time tested anti-collision system (Kavach) was in place. 

A Hindu alternative to Valentine's Day? 'Shiv-Parvati was first love marriage in Universe'

By Rajiv Shah*   The other day, I was searching on Google a quote on Maha Shivratri which I wanted to send to someone, a confirmed Shiv Bhakt, quite close to me -- with an underlying message to act positively instead of being negative. On top of the search, I chanced upon an article in, imagine!, a Nashik Corporation site which offered me something very unusual. 

Buddhist shrines were 'massively destroyed' by Brahmanical rulers: Historian DN Jha

Nalanda mahavihara By Our Representative Prominent historian DN Jha, an expert in India's ancient and medieval past, in his new book , "Against the Grain: Notes on Identity, Intolerance and History", in a sharp critique of "Hindutva ideologues", who look at the ancient period of Indian history as "a golden age marked by social harmony, devoid of any religious violence", has said, "Demolition and desecration of rival religious establishments, and the appropriation of their idols, was not uncommon in India before the advent of Islam".

Top Punjab Maoist who failed to analyse caste question, promoted economism

By Harsh Thakor*  On June 15th we commemorated the 15th death anniversary of Harbhajan Singh Sohi or HBS, a well known Communist leader in Punjab. He expired of a heart attack in Bathinda in 2009.

Saving farmers and consumers from GM crops and food: Philippines court shows the way

By Bharat Dogra*  At a time when there is increasing concern that powerful GM crop lobbyists backed by enormous resources of giant multinational companies may be able to bulldoze food safety and environmental concerns while pushing GM crops, a new hope has appeared in the form of a court decision from the Philippines.