Question

Jobless growth

21 Oct 2017
Answer :
Word Count : 461

As the population of a country grows, people need work in order to support their families and themselves. Economic growth is necessary to employ all those who seek work. Without sufficient economic growth, people looking for work will be unable to find it. In any economic condition, it is the individual workers possessing employable skills that will find work first. If the supply of jobs is plentiful, then more opportunities open up for those with less attractive skill sets.

In a jobless growth economy, unemployment remains stubbornly high even as the economy grows. This tends to happen when a relatively large number of people have lost their jobs and the ensuing recovery is insufficient to absorb the unemployed, under-employed and new members entering thework force.

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Arguments favouring Jobless-Growth:

1. India’s atypical pattern of growth:

It is important to recognize that India’s pattern of growth has been atypical and has not followed the standard path (i.e., the phases of development process or the structural transformation did not go hand in hand from primary sector to manufacturing and then the

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