Wednesday, February 20, 2013

My View on "Two-day trade unions strike to hit life, banking"

For a change, I would like to do some back of the envelope, reverse accounting, keeping in mind the estimated loss of 15,000 to 20,000 crore, if the two-day strike really happens. (i) The loss to the employees joining government and public sector services pursuant to introduction of New Pension System (ii) The recurring loss to the workforce in India due to faulty working out of and non-implementation of minimum wages (iii) The loss to the Indian consumer due to irrational and one-sided pricing policies (iv) The loss suffered by Indian citizens availing transport services from airlines, Railways and other public transport systems (Railways, sometimes, do not even care to identify the individuals who die while traveling, story of delayed and denied compensations too is agonizing). Just to remind that GDP is an aggregation of efforts made by millions of people and occasionally, those in charge should remember the roots.
- M G WARRIER  

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