Surplus Labour

Latest News for: surplus labour

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A wild goose chase

Dawn 04 Jul 2022

To quote an analyst, 95 per cent of the imports help in production and fuel the economy ... The import bill is double the export earnings in dollar terms ... We have not been able to develop a home-grown economic model to exploit indigenous resources to their full potential and maximise the employment of idle surplus labour by imparting required skills ... .

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Jobless growth

Financial Express 22 Jun 2022

The latest number is 4.2% on a usual status basis in 2020-21 (July to June), according to the Periodic Labour Force Survey ... If this course of action was efficacious, why do ex-servicemen find it difficult to secure government jobs? India presents a paradox of skill shortages while being labour surplus.

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Economic Rent and Exploitation, by Michael Hudson

The Unz Review 18 Jun 2022

Karl Marx’s Theories of Surplus Value (Mehrwert), reviewing the value theory of classical economics ... So you got land, labour, capital and the public sector ... However, unlike the rentier, unlike the landlord, the capitalist uses this economic surplus value to expand production, to build yet more factories, to employ yet more labour.

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Our employment data should be interpreted cautiously | Mint

Live Mint 16 Jun 2022

Earlier this week, India’s ministry of statistics and programme implementation released the annual report of the Periodic Labour Force Survey (PLFS) for the reference period July 2020 to June 2021 ... Households that suffer a decline in income generally tend to increase their earnings by pushing the surplus labour available with them.

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A region that seems unable to reach its potential

Economist 16 Jun 2022

Half the region’s workforce labours in the informal economy, a number that hasn’t varied much for decades ... Such growth as there has been has come mainly from the expansion of the labour force ... “We should forget about the idea that the modern sector will absorb surplus labour,” says Piero Ghezzi, a former minister in Peru.

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‘Embarrassing’ details of Tories’ record show up in own economic attack dossier

The Guardian 14 Jun 2022

Document sent to journalists to critique opposition’s policies says Labour has had more budget surpluses A ...

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Forced Labour Is Set to Stay in the Uyghur Heartland

Bitter Winter English 14 Jun 2022

Everyone in fact, without a job, euphemistically named “surplus labour” must work ... Despite Beijing’s reluctance to publicise its current stance, the recent leak of hacked documents, the Xinjiang Police Files have shed more light on CCP intentions vis a vis its Uyghur so-called “surplus labour” population.

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With six weeks to save summer, can easyJet climb out of the chaos?

The Observer 12 Jun 2022

Photograph ... This year, the Unite union won a startling 10% wage rise from easyJet’s outsourced ground handler, DHL, underlining the shift in power in the labour market ... an industry that was nearly bankrupted can barely afford to employ surplus staff – and not on the kind of long-term contracts that would entice many in a tight labour market ... .

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Allianz's $6bn scandal exposes Germany's cosy corruption

Moneyweek 02 Jun 2022

Volkswagen cheated on emissions tests between 2008 and 2015. © Getty. Even by the standards of the American justice system, it was a huge settlement ... It was a significant enough story in itself, and one that will have implications for the rest of the finance industry ... It has helped build the trade surplus and minimise labour disputes ... .

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Underdeveloped districts on an ‘aspirational’ path of highway development

Business Line 29 May 2022

Higher investment ... If an ‘aspirational district’ is labour surplus, people will have easy movement to other regions. “Mobility of capital, labour, and organisers like entrepreneurs, all count in developing such districts,” he said ... The States include Sikkim (87 km), Tripura and Assam (57 km each), and Arunachal Pradesh (21 km) ... Better connectivity ... ....

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Go for universal basic income, says EAC-commissioned study

The Times of India 19 May 2022

It also backed universal basic income to reduce the income gap as well as devising an urban MGNREGA to rehabilitate surplus labour ... of schemes such as MGNREGS that are demand-based and offer guaranteed employment should be introduced so that the surplus-labour is rehabilitated.

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PM’s Economic Advisory Council bats for universal basic income, urban job guarantee scheme

Financial Express 19 May 2022

“Looking at the difference between the labour force participation rate in rural and urban areas, it is our understanding that the urban equivalent of schemes like MGNREGS that are demand-based and offer guaranteed employment should be introduced so that the surplus-labour is rehabilitated,” it said.

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Budget for the 'squeezed middle' - but will it be the political circuit-breaker Labour wants?

RNZ 19 May 2022

First, Labour ... And while Robertson reassured voters and markets that this is a prudent, sustainable budget (many governments would walk over broken political glass for a projected surplus in 2025), the National and ACT parties will seek to portray Labour as fiscally profligate.

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