Profitability of business is associated with the efficiency of deployment
of an input-mix comprising of - Machines, Manpower, Materials, Methods, and Money. The era of increasing the component of
Manpower in this heady mix is long gone and the emphasis has been on reducing
the Manpower to a LEAN extent possible. Technology (Methods) makes labour a
commodity-input that can be contracted as easily as any other. The shifts from
outsourcing to ‘Uber’isation have been largely driven by the corporate
imperative to create shareholder value, and under our current conditions,
creating shareholder value and creating good jobs are largely incompatible.
Corporations are “job creators” only as a last resort.
Out there is a sea of humanity, which more than anything in the world, wants
a regular job with a wage. Jobs provide income, inclusion, confidence, comfort,
security, a meaning to life and are a source of engagement that keeps people
busy. Good jobs are essential to the good life. Yet good jobs are a minority
and India needs lots of them.
Jobs and wages have to be at the heart of all economic growth. Growth
without increase in jobs could trigger the rise of anti-nationalism, populism,
crime, fanaticism or civil-unrest. Neither a Socialist nor a Capitalist
approach to economic management can overcome the threats and consequences of
job-less growth.
Technology is not destiny; nor is globalisation. Their direction is not
random but shaped by decisions made by firms, governments and individuals. In
other words, there is a choice, and it is up to leaders of governments,
corporations and civil institutions to shape it in ways that will benefit ordinary
citizens as well as themselves – or, as we have seen, ordinary citizens will do
it for them.
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Labels: EconomicPolicy, General, National Policy, PublicDiscourse, TaxBreaks
1 Comments:
Further affirmation of what is stated above : https://www.linkedin.com/pulse/places-where-automation-may-kill-just-jobs-entire-economic-bremmer/
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