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Summaries and Short Reviews

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Shvoong Home>Newspapers>India>Times Of India>Times of India Summary

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Times of India

Newspaper Review by: ashwani    


Labour Pains ,title of Times of India editorial caught my attention and made me to read through -China`s manpower crunch-a
sign of maturity.I was trying to understand as to how crunch can be a sign of maturity,may it be any thing.But after going through, a different phenomenon was understood.The pight of labour force will improve now in China.Improvement is maturity.Demand and supply is determining the health of economy. Strange is economics.Plight of manpower depends on its availability and if that is available in plenty,the wages will go down and if in shortage wage level will shot up.Production of goods in plenty leads to competitiveness, price gets regulated. Same is true for manpower and other factors of production.But this will always remain happening .The fate will vary accordingly.Labour intensive production will involve large force,rural labour, sons of rural India will join mass producing units as happened in China.Agriculture will get a status of Industry. Large houses and multinationals will jump in agriculture field.Is this scene imagineable. 70 percent of India who depend on agriculture ways will find its ways to give away their enterprising temperament at costs which will bring them comforts and luxuries for which they live for ?Of course, a long way to go.But process is same.Gurgaon where many multinationals are setting up,property rates have shot up,farmers have abandoned farming.They prefer selling their land for commercial usage.Multinationals are paying hefty amounts for services in call centres.Farmers are turning their sons to urban townships to learn English to be able to get employment in call centre.Although not many stay in call centre,but ambitions grow manifold .Much to ponder over.It is just a touch at an issue which seems like an Onion.
Published: April 10, 2006
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