Self-employment: elephant in the room4 min read . Updated: 22 Jan 2018, 08:35 AM IST
Given the lack of suitable jobs and given the lack of suitable avenues for investment, people opt for self-employment and use their funds in owner-managed enterprises
The employment situation is very dismal in India. Often the minimum wage laws are blamed for this; it is argued that these laws reduce jobs. The proponents of the law, however, argue that there is a need to ensure a minimum standard of living for the workers. Do we have to choose one of the two views or is it possible to reconcile the two views?
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