Indian IT hits a Speed Dump C. P. Chandrasekhar and Jayati Ghosh

A sharp deceleration in growth and restricted employment expansion in the IT sector, India’s post-liberalisation showpiece, has implications beyond the industry’s boundaries. Indian_IT_Speedbump (Download the full text in PDF format) (This article was originally posted in the Business Line on November 20, 2017.)

Why workers lose C.P. Chandrasekhar

A long-acknowledged feature of global development since the 1970s is that in many countries—advanced and poor—those at the bottom of the income pyramid have benefited little, if at all, from whatever growth has occurred. One empirical outcome of that tendency has been a decline in the shares of labour in national income over time. While this has been noted earlier, it has become the focus of attention recently because of evidence of a popular backlash against globalisation as reflected in the Brexit vote in the United Kingdom, the Donald Trump victory in the United States, and the rise of Far-Right…

Wage and Fiscal Policies for Economic Recovery Jomo Kwame Sundaram and Anis Chowdhury

The new US census data released in late September show that 3.5 million people in the US climbed out of poverty, as the tepid economic recovery continues. Employers are finally creating more jobs and paying higher wages than seven years after the Great Recession started following the 2008 financial crisis. This progress, while modest, debunks the claims of those who predicted a dire outcome following the increase in the legislated US minimum wage, especially without a robust recovery. The data show large employment and wage gains, particularly for the lower end of the jobs spectrum. Raising the legal minimum-wage and…

Minimum Wage and the Poverty Line Prabhat Patnaik

The criteria for determining the minimum wage have evolved in India over a long period of time. The basic guidelines set at the Indian Labour Conference have been subsequently improved upon by the Supreme Court in the early 1990s. As of now, the principles for setting the minimum wage after all these modifications stand as follows. The basic family unit for which the calculation is made is supposed to consist of four persons, a husband, wife and two children. These two children together constitute one consuming unit, so that one can say that the family has three consuming units altogether.…

Care Work as the Work of the Future C.P. Chandrasekhar and Jayati Ghosh

As technological change threatens many different kinds of jobs, the significance of direct face-to-face interaction required in much care work means that it is unlikely to be as adversely affected. What does this mean for the future requirements of care workers? Future_Care_Work (Download the full text in PDF format) (This article was originally published in the Business Line on August 15, 2016.)

Technology and the Future of Work Jayati Ghosh

The latest fear factor to hit the world relates to the disappearance of jobs. Everywhere now the buzz is about how technology is going to transform work – and reduce it dramatically. The Davos World Economic Forum CEO Klaus Schwab (whose book The Fourth Industrial Revolution was released this week) is just the latest in a long line of recent predictors of this gloomy possibility. From 3-D printing to robots that will perform not just some basic services but even more skilled activities like those of accountancy and so on, the fear is that human labour will be increasingly displaced…

Challenges of Price Stability, Growth and Employment in Bangladesh: Role of the Bangladesh Bank Muhammed Muqtada

In the context of the current debate on whether central banks, especially in the developing world, should pursue a single or dual/multiple mandate, the author examines the Bangladesh Bank’s stance to follow the latter. Challenges_Price_Stability (Download the full text in PDF format) (This article was originally published under ILO’s Employment Policy Working Paper series, No. 169)

Freedom of Association and the Right to Strike Lula da Silva

In this article the author, the former President of Brazil, takes issue with attempts to  limit the right to strike and the pressure to reduce the ILO’s character from a global organisation promoting workers' rights to a more standard UN agency. right_to_strike  (Download the full text in PDF format) This article was originally published in the blog

Has the Income Share of the Middle and Upper-middle been Stable over Time, or is its Current Homogeneity across the World the Outcome of a Process of Convergence? The ‘Palma Ratio’ Revisited José Gabriel Palma

The income-share of the rich, the most crucial of all distributional stylised facts, is what largely explains why inequality is so unequal across the world. Income_Share (Download the full text in PDF format) (This paper has been published in Cambridge Working Papers in Economics (CWPE) 1437.)