Key Points
In an earlier article (IE, April 13, Wages of distress), I drew attention to recent evidence of a virtual stagnation of real wages, based on Labour Bureau data..
To illustrate, the real wages of male agricultural labourers, non-agricultural labourers and construction workers grew at less much less than 1 per cent per year between 2014-15 and 2021-22..
Just-released Labour Bureau data reinforce the point: In 2022-23, the growth rate of real wages was just 0.2 per cent for the first occupation group, and negative for the other two..
Based on this sound method, the growth rates for Bhallas reference period (2014-15 to 2018-19) are as follows: 2.2 per cent, 1.4 per cent and 1.3 per cent respectively for male agricultural labourers, non-agricultural labourers and construction workers..
For instance, wage data collected by the Centre for Labour Research and Action reveal a steady decline in real wages of brick-kiln workers in the last 10 years..
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