Monday, June 16, 2014

A potential jobs breakthrough - Dr.Subir Gokarn

............Several analysts, including myself, have been crying themselves hoarse about the importance of this reform. Flexible labour contracts are typically associated with faster employment growth. One can cite cross-country evidence in favour of this proposition, but why go that far? In our own context, the much faster growth in employment in the services sector compared with manufacturing is directly attributable to the fact that the former does not have to deal with the same job security mandates as the latter. The ability to................

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