Monday, December 20, 2004
100 days of guaranteed work... A good idea?
Happening in India
"It is hard to think of a more far-reaching piece of legislation than that approved by the Cabinet on the right to employment. It can do a lot of good, but has the potential to do a lot of harm as well.
A law that mandates 100 days of employment for one member of every poor family in the rural areas (and there are 40 million such families) will cost the country Rs 40,000 crore (Rs 40 billion) annually -- or 1 per cent of what GDP would have become by the time the programme gathers momentum in three to five years.
The wage will be the legally prescribed minimum wage, with the states free to pay more if they so wish." READ: Guaranteeing jobs: A good idea?:
7:45 AM
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It's not such a great idea...because of the 400 million job seekers in India, only 20 million jobs can be provided by the Government...
And the Government hasn't involved the private industry in this endeavour...so I don't really know how this will pan out !
Depressing actually !
Gautam
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And the Government hasn't involved the private industry in this endeavour...so I don't really know how this will pan out !
Depressing actually !
Gautam
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