Page 2 - Labour Cost

Stuck in time warp, UP's carpet hub refuses to be swept under the rug

An industry, unravelling: Work is demanding, pay just enough

Fall in rural wage, labour crunch in urban areas hit construction sector

Corporate players are expecting construction activity to pick up during the current quarter

US labour costs rise strongly in Q4 last year, fastest in 2 decades

US labour costs rose strongly in the fourth quarter of last year, wrapping up the biggest one-year gain of labour inflation in two decades

US productivity drops at 4.8% rate in Dec quarter while labour costs rose

U.S. productivity fell sharply in the October-December quarter while labor costs rose.

Doing away with rigidity in labour laws will boost jobs: Minister Gangwar

The minister said that the laws protect the workers' right to strike and it has not been "taken away from them in any manner

Fourth tweak in social security Bill likely to cover more workers

The current social security laws in India exclude about 90 per cent of the workforce - mainly in the unorganised sector.

Many manufacturing companies weighed labour cost cuts even before lockdown

Salary and wage bill for manufacturers was down around 1% YoY in Jan-Mar

Liquidity, labour and logistics are the key challenges: JSW Steel's Rao

Ensuring return of labour as important as sending them back home, says Seshagiri Rao

7 ways to revive India's labour market and livelihoods in post-Covid world

It is important to plan how to deal with the economic fallout and rebuild a more inclusive economy in a post-Covid-19 world, and much of that hinges on how we revive labour markets and livelihoods

A lesson to learn: Economic problems can have counter-intuitive solutions

From drug price ceiling to additional duties on steel imports and export ban to counter onion shortage - govt response to several problems shows the lessons may not have been learnt, writes T N Ninan

Best of BS Opinion: Maharashtra govt formation, tax buoyancy, and more

Opinion and analysis on telecom companies' decision to raise tariffs and the way the government is responding to slowdown.

Boost labour income to revive growth

The principal demand impetus for growth comes from the bottom half of income distribution

Corporate India had an extraordinary 2018-19, but their real wage rate fell

In last 6 years, wages have grown at an average 10% a year within a narrow range of 9-12% per year. During this period, sales have grown at an average annual rate of 6% in wider range from -3% to +17%

Cheap labour cost makes Indian textile mills turn to Ethiopia

The reason? Ethiopia offers ready-to-use sheds, income tax breaks, training subsidies, and a tax-free gateway into the US, Europe and China