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.)

Responding to the Unemployment Challenge: A job guarantee proposal for Greece Rania Antonopoulos, Sofia Adam, Kijong Kim, Thomas Masterson, Dimitri B. Papadimitriou

This report, by the Levy Institute and INE-GSEE, presents research based evidence of the macroeconomic and employment effects of a large-scale direct job creation intervention. Unemployment_Challenge (Download the full text in PDF format)

The Rise and Fall of the Global South Prabhat Patnaik

A picture that was painted of globalization went as follows: the real wages in the south are much lower than in the north, since the south is saddled with large labour reserves. In a world where capital is mobile, even if labour is not, capital from the north will shift the location of its production activity from the north to the south, to take advantage of these low wages, for meeting global demand. Even if capital from the north does not move to the south, local capitalists in the south who have access (or can obtain access) to frontier production…