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  1. Bhadra

    Basic economy questions

    Imagine if that bai had power of negotiation which is her right.. This is the simple rule of capitalism and market force..
  2. Bhadra

    Basic economy questions

    I agree but that sector is more than 50 percent of labour sector .. rest all are SMEs and cottage industry... there is no regulation of labour there and it is all exploitation galore..
  3. Bhadra

    Basic economy questions

    more than 70 per cent India's labour force are from unorganised labour sector . If that is not known or disputed then there is no use of discussion. unorganised means which have on unions, associations etc and not capable of negations >> Like your rickshaw puller.. farm labour and majority of...
  4. Bhadra

    Basic economy questions

    My arguments is the same, rickshaw pullar can do it but not all in unorganised labor sector ... if a domestic help does that .... he / she may not be as successful But what we are discussing is that government intervention Vs Free exploration of labour.... and role of free market economy in...
  5. Bhadra

    Basic economy questions

    If logic is the forte, it says that industry can not run without labour and wefare of labour is as important to keep industry or enterprise running... It is so simple
  6. Bhadra

    Basic economy questions

    Ganging up of a weak mind....:pound:
  7. Bhadra

    Basic economy questions

    But then where is the free market force in this solely derived by benefits instance ?? Do not change goal posts. Free markets is no mutual benefit but solely profit.. profit to one self without consideration of profit to others.. !! It is not Ram Rajya ! Is it ?? Illogical disjointed...
  8. Bhadra

    Basic economy questions

    No your stupid certification does not matter ... I have even tried to post from reputed source but I simply do not like your exploitation theory of labour ... And that is not a socialist crap as you say.. All welfare states follow the the theory of regulation of wages... even the Americans...
  9. Bhadra

    Basic economy questions

    You have a lot pretensions and false sense of understanding the issue.. I request post sense and sensibilities rather than that stupid crap... If I am defence expert that does not mean I am less educated and do not understand economics.. Not expected from you...
  10. Bhadra

    Basic economy questions

    Thanks for such kind words I hope the next moment degrees would not be out !!:rofl:
  11. Bhadra

    Basic economy questions

    Adam Smith gave ideas that worked no where. Instead, the so called Capitalistic economies were the first ones to introduce regulations over their economies and regulate wages in many form including social security and minimum wages ! Calico regulations were introduced in England to prevent...
  12. Bhadra

    Basic economy questions

    Yah, that is why wages in Delhi and Punjab are double the minimum wages !!!:laugh: You are full circle back to my point ... Wages need adjustment. !! When govt does that it is socialism and when market does that it is market economy ?? No that is not economics. Economics is a regulated...
  13. Bhadra

    Basic economy questions

    All of you opponents of minimum wage are only harping on one thing - the labour becomes costly - the job is closed and the labour becomes jobless -- For you guys it is just a moronic one way street ......:pound: Look revision in minimum wage is necessitated by inflation ... I say again...
  14. Bhadra

    Basic economy questions

    @Mad Indian - you seem to advocate classical theory of Adam Smith that labour should be paid so low that their number reduces by death and starvation like post and during industrial revolution. Wages are not and should not be purely a function of supply and demand and negotiation between the...
  15. Bhadra

    Basic economy questions

    Both the vedieo put up by @Mad Indian to argue that unemployment is the result of minimum wages is simply false. One Job is one job and if it is cheaper it does not become two jobs. The higher percentage of teenage unemployment is related to number of jobs available rather than cost of the...
  16. Bhadra

    Basic economy questions

    Read my reply carefully.... I had got it too early in life ... You are saying in essence what I said.. to keep labour at minimum standard to survive is the basis of minimum wages... Wages do not contribute to inflation.. It is inflation that necessitates changes in wages..
  17. Bhadra

    Basic economy questions

    You mean to say the govt increases wages blatantly (because it is a govt of wage earners) ??:cool1: The wholesale price index is manufactured and rigged ? and it is not wealth in hands of wage earners? Then how does it increase inflation? After all inflation is also related to purchasing power...
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