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  • Category: Miscellaneous

    "Reward the work not wealth."

    This is the report of Oxfam( Oxford Committee for Famine Relief) which reveals that the gap between the rich and poor in India has increased during 2017. Oxfam International is a group of non -governmental organizations formed in the year 1995 in the United Kingdom. Their objective is to fight for the reduction of poverty and injustice all over the world. The survey by the Oxfam India indicates that the 1% richest in India has gained 73% of the wealth generated in the country during 2017. The wealth of this 1% group grew by 20.9 lakh crore during 2017.The wealth of the 67 crore Indians of the poorest half grew by 1%. It also mentioned that it will take 941 years for the minimum wage worker to earn what the top executives of Corporate earn in one year. The main reasons it indicated for this growing inequality between the workers and the top brass is due to the Corporates way of functioning. They are not properly rewarding the work done by these people. They are intent on rewarding the top executives and the shareholders of the company. Workers pay and working conditions not taken care properly. The influence of the big business houses on the Government and its policies is also attributed as one of the reasons for growing inequality. Hope the Government of India will take action for the inclusive growth of all sections of the people of the country.
  • #623776
    It is true. A worker in factory joined in the early 20s start earning minimum wages prescribed by the government and as the government increases the minimum wages the worker wage will also increase. By the time he retires also will be getting the minimum wage only but prescribed by the government at that moment. He is getting compensated for the price index raise but not for the expertise he gained during the service and the experience he has put up. Whereas an executive who joins at a low salary will go on getting increments and promotions in proportion to his contributions to the Organisation and his requirement to the company. It is happening in almost all places. So government should think of some service weightage to the experienced worker in addition to minimum wage. Here there to inherent problems. An executive is a qualified man and his availability is limited and his option is more because of his education. A worker is not having any specialised knowledge and availability of workmen are plenty and they don't possess any educational qualification. So the salaries can't be compared with executives. If you take a Manager in a manufacturing Industry and a workman their nature of duties, responsibilities and skills are all entirely different and there will be a large gap in all the set parameters. So there will e definitely a lot of variation will be there on the salary also.
    drrao
    always confident

  • #623845
    Sometime back I raised a thread on India being one the few countries with the widest rich-poor gap Should India be proud of 1:99 and 60:40?
    It is a well-known fact that corporates or MNCs make the bulk of the profits and take back to their countries. The higher the person in the corporate ladder, the astronomical is the salary and perks. I'm sure it would consider acceptable in those circles but the every growing gap between the rich and poor would be a cause for concern and it does not reflect real growth. To me, this is one the best examples that India has moved on or is close to becoming a capitalist nation. There's nothing wrong with this concept but our history and heritage that is so rich would make it a shame if ever become a capitalistic nation. The Government and the corporates should ensure that let the money making continue but at least a decent part of it should really reach to needy, not just be planting trees and maintaining roads, they need to contribute meaningfully for the poor because at point of time the poor would revolt so much that it would hurt the elite class in a major manner.


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