TITLE

WAGE-GOODS, UNIVERSAL LIVELIHOOD SECURITY AND DEVELOPMENT POLICY

AUTHOR(S)
Kamal Nayan Kabra
PUB. DATE
January 2007
SOURCE
Indian Journal of Labour Economics;Jan-Mar2007, Vol. 50 Issue 1, p117
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The mainstream development theories do not, by and large, take up the question of determination of the composition of output and the characteristics of the products. The question of an appropriate product-mix, essentially in favour of wage goods, as a issue closely related to the search for gainful and decent employment for the entire labour force over a time span, can show the end of the tunnel. It is a critical issue for implementing the objective of the right to work. The studies on the question of choice of techniques and degree of labour-intensity need to be supplemented both at the operational and logical levels by giving attention to the question of the product-mix choice as leaving it entirely to the care of the market forces would be detrimental to the attainment of the universal human right to livelihood. The productive absorption of the entire labour force along with protection of the real purchasing power of wages are contingent on explicit policy choice for increasing the share of wage-goods in total output. The present exercise examines this issue in its various theoretical, empirical and policy related aspects, suggesting a criteria for an appropriate product-mix and also briefly a set of policy measures for an appropriate product-mix tilting towards wage-goods.
ACCESSION #
91997166

 

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