Recently, Indian government announced a proceeding in making of a new fund to provide economic stimulus to those Indian workers who were working outside
Ok, how good it feels to help the Indian brothers who went away for making big millions of dollars and now are coming back as their jobs are no more.
MOIA, (The Ministry of Overseas Indian Affairs), is planning to ponder over an amount of Rs10 crores every year to help such workers. "ET News"
It is just a form of economic stimulus by
Not only those who went away in search of big money better jobs are loosing money, but the Indian compatriots who are dependent on production industry are loosing jobs, to say clearly, India is in huge economic crisis, yet government supported Indian new channels keep showing some fake Osama stories and economic crisis of USA, and other nations, as if India is untouched by any such crisis, and ohh yea why not, after all India is well-regulated mixed economy, how can it crumble. Yet that is not the fact. Indian government has already provided economic stimulus for Indian markets and we have shown that such stimulus will only increase the tenure of crisis.
When compared with huge amounts like Rs2000 crores, these Rs10 crores per year may seem nothing, but ultimately the Indian citizens have to pay these Rs10 crores too, it is a burden on Indian citizens as it will increase Fiscal deficit and put further debt on Indians.
Now let us discuss about Unemployment.
Unemployment is a situation when a worker is not working because either he is not getting any work, or he considers the available works not apt for him, as he is much better than doing those jobs.
It is simply not possible to not get any work, as there always remains a situation to do some work or other to gain an honest living that is what entrepreneurship is.
Yet, if a person is not working because all the available jobs he considers of low standards than what he is capable of, then it is a voluntary unemployment. That is, the worker is not working by his choice.
Consider this, a software engineer who was working in
He was working at a salary of Rs 1 lakh per month, now he do not want to work for an annual package of Rs 2 lakh 40 thousand per annum, that is Rs15,000 per months.
Since he does not want to work at this lower salary, he is not working it is his own choice. Can we say that he is Unemployed? Yes, well he is voluntary unemployed.
Do we need to help him by any economic plan of say Rs 10 crores per annum (As MOIA is thinking about)? No, when he is not even ready to work for Rs15,000 per annum, why will he agree to beg, and if he really feel that he is in dire situation and he needs money any how, he will start working for Rs15,000 per month or even less.
A poor will be more than enough happy about getting a job of Rs2,000 per month too.
So, why providing any stimulus plan for such workers, who are returning to
Someday ago, when Air India announced that it is planning to send about 15,000 workers on pay-less salaries, political parties opposed the move, but when there is no money to keep those high profile rich salary jobs, how is it possible to keep maintaining those jobs? It is simply a bad investment or "Non-Productive-Asset".
Only such Malinvestment and "Non-productive assets" actually increases economic burden and causes economic crisis.
Thus, MOIA is not planning to "help" some returnees from foreign, but it is planning to sustain economic crisis, and why is it doing so? To gain some emotional vote bank?
I will be writing more on Unemployment on ReasonForLiberty soon.
No comments:
Post a Comment