What impact do rising employment levels have on salaries in India according to Niti Aayog member Arvind Virmani
Concerns over wage levels compared to inflation rates despite increased employment opportunities in the country.
- Arvind Virmani of Niti Aayog highlighted concerns over wage levels in India despite rising employment, suggesting that wages have not kept pace with inflation rates.
- Increased employment opportunities have not necessarily translated into higher salaries for the workforce, leading to concerns about the quality of jobs being created.
- Rising employment levels may indicate a growing workforce, but if wage growth does not match inflation, it could impact the purchasing power of individuals.
- This discrepancy between employment gains and wage growth could lead to lower standards of living for workers, affecting their overall well-being.
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2 months ago