For years now, I have been advocating refocusing on
SELF-EMPLOYMENT rather than on trying to create PAID JOBS ( whether in Private
Sector or in Public Sector )
There is simply no way, we can create every year, 12
MILLION new / additional jobs
Now comes the following news :
Over
Half of Formal Employees became Temps in ’20 : Study / Eco
Times / 06 May
Extract :
Ø Amid more curbs and
local lockdowns to contain the spread of Covid-19, a new report shows that more
than half of permanent salaried workers — or formal workers — moved to informal
work by the end of last year.
Ø …as much as 34 % of formal workers had
moved to Self- Employment , while 8.5 % had shifted to temporarily salaried roles
and 9.8 % to Casual or Daily Wage workers
Ø The report showed that the poorest of the workers
have taken the worst hit, with an additional 230 million people slipping below
the national minimum wage line of Rs 375 per day, during last year’s lockdown.
This translates into an increase in poverty by 15 % in rural areas and nearly
20 % in urban areas
Ø The poorest 20 % lost nearly all their income due
to unemployment during the lockdown, while the top 20 % lost a little less than
a quarter
Ø More than 46 % of women lost jobs during the
lockdown and did not get back into employment, while this figure was 7 % for
men
Ø A third of workers in the 15-24 age group failed to
recover employment even by December 2020. This figure was lower at 6 % in the
25-44 age group
===================================================
The above-mentioned report should be read in
conjunction with following report :
China
is the World’s Manufacturing Superpower / Statista.com
China………………….28.7 %
USA…………………… 16.8
%
Japan…………………..
7.5 %
Germany…………….. 5.3
%
India……………………. 3.1
%
S. Korea……………..
3.0 %
Italy……………………….2.1
%
France…………………
1.9 %
UK……………………….
1.8 %
Indonesia…………….
1.6 %
===================================================
MY TAKE :
Dear Shri Narendrabhai,
One does not need to be an ORACLE to visualize the
following
Nor do my suggestions fall under ROCKET SCIENCE
But one thing is indisputable: “ LUCK only happens when PREPAREDNESS meets CIRCUMSTANCES
“ .
I urge you to enable our countrymen ( and women ) to be
prepared when the THIRD WAVE hits our shores
Ø As
per experts, matters ( economic recovery-wise / employment-wise ) are going to
get WORSE
Ø Quite
likely, formal jobs already eaten away by Covid, are never going to return
Ø At
world-level, it is “ Every Country for itself ( Dog eat dog ) “ . WTO is dying
a slow death
Ø At
a country-level , each Government which fails to protect / create jobs, is
getting thrown out
Ø Whether
for a Country or for an ordinary citizen, only “ the fittest will survive “
Ø The
only way to make our poor millions “ fittest “, is to unshackle them from govt
compliances and get out of their way to earn
their living by getting SELF EMPLOYED, doing ANYTHING as long as it does not
harm other citizen or the Environment, as detailed at :
A NEW
ECONOMIC ORDER ? aka " Start Up Act - 2015 "…………….[ 12 Sept 2015 ]
"
BACK FACTORY " OF THE WORLD ? ……………………………………………[ 09 Sept 2015 ]
With regards,
Hemen Parekh / hcp@RecruitGuru.com / 06 April
2021
==================================================
RELATED READINGS :
Why
China Is "The World's Factory"
Is
China still the factory of the world?
/ Financial Express - 21 april 2021
Extract :
Ø Can India take advantage of the ‘perfect storm’ in terms of confluence of circumstance on
the global stage, as also the proactive-ness
of policy at home to
make ‘ Made in India ’ happen?
Permission to create jobs ? …………………………………………………[ 14 Mar 2020 ]
India BPO Promotion
Scheme : [ IBPS ] V 2.0 ………..
[ 11 April 2018 ]
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