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Losing out in a growing economy: Labour in the organised manufacturing sector in the era of globalisation
Date Issued
01-01-2009
Author(s)
Indian Institute of Technology, Madras
Abstract
This paper investigates the movements in wages and employment growth in the organised manufacturing segment of Indian industry in the era of globalisation. The attempt is to explore the link between globalisation and a particular tendency of 'labour illfare ' centring around the 'adjustment processes ' associated with trade liberalisation. The analysis in this paper shows that firms have been able to adjust and survive in the new environment while the mechanisms associated with adjustment have resulted in a worsening of distribution within the industrial economy, thereby helping capital to appropriate more share in value added. Further, there has been a relative downslide in terms of income for the workers in this sector as the incomes in the rest of the economy, particularly that of public sector enterprises employees, increased at a higher rate.
Volume
52