the average real GDP growth rate was 6.7% whereas regular wages stagnated (minus 0.07% growth).
As per a report of WorkIndia, more than 57% of blue-collar jobs in India pay less than Rs 20,000 a month. That is probably justified because of low average productivity. We are thus caught in a cycle of low productivity, low skills, low pay and low e...
Read more at: https://www.deccanherald.com//opinion/profits-boom-but-pay-is-far-from-fair-3312238
https://www.devdiscourse.com/article/business/3054939-blue-collar-workforce-struggles-with-low-wages-report A report from WorkIndia reveals that over 57% of blue-collar jobs in India pay Rs 20,000 or less per month, highlighting financial strain among workers. Only 2.31% offer salaries above Rs 60,000
https://www.ilo.org/publications/india-employment-report-2024-youth-employment-education-and-skills
State of Working India 2023: Social Identities and Labour Market Outcomes https://publications.azimpremjiuniversity.edu.in/5166/1/State_of_Working_India_2023_ebook_revised.pdf Azim Premji University, September 2023 On the one hand, the economy has grown rapidly since the 1980s, drawing millions of workers out of agriculture. And the proportion of salaried or regular wage workers has risen while that of casual workers has fallen. On the other hand, manufacturing has failed to expand its share of GDP or employment significantly. Instead, construction and informal services have been the main job creators. Further, the connection between growth and good jobs continues to be weak.