Rural wage growth lowest in 3 years
There isn't any big base effect at work here, so the fall in wage growth is the result either of less demand for rural labour or more supply. Either way, it points to rural distress
If economic growth is picking up, as all experts agree, why is growth in rural wages faltering? The accompanying chart shows that growth in rural wages for men, taken as the simple average wage rate for all rural occupations, fell to 3.09% in January this year, from 6.57% in the same month a year ago. It’s the lowest year-on-year growth since November 2014. In real terms, adjusted for inflation, rural wage growth for men is negative.