Maula Jatt
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Indian nibbas be like
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World Happiness Report 2023: India Among World's Saddest Nations
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Imran Khan
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they are sad because paksitan is happy .
Call it what you want, as much I hate them, I hate suicides more. Nothing is sadder and depressing than people committing suicide due to lack of food, taking care of their families, being poor and nothing that can be done to fix the situation. We owe it to our people to put aside the hatred and work on fixing the problems left behind by the Anglos. I know it’s a pipe dream at this time, but it’s a guilt that our forefathers ran South Asia for the longest time before British took over. We stayed behind and developed South Asian into one of the largest economies of the world. We didn’t take wealth back to wherever they came from like the British did. I read numerous online comments of Indians calling Muslims invaders and telling people we stole their wealth, ironically enough the same Indians look towards the Anglos as a benign force that helped South Asia (lmao).
They have a mental sickness which short of nukes, only the Indians can solve amongst themselves. I
They have a mental sickness which short of nukes, only the Indians can solve amongst themselves. I
#SouthKorean government was this week forced to rethink a plan that would have raised its cap on #workinghours to 69 per week, up from the current limit of 52, after sparking a backlash among Millennials and Generation Z workers. #SouthKorea https://www.cnn.com/2023/03/18/asia/south-korea-longer-work-week-debate-intl-hnk
Shorter workweeks to boost employee mental health and productivity may be catching on in some places around the world, but at least one country appears to have missed the memo.
The South Korean government was this week forced to rethink a plan that would have raised its cap on working hours to 69 per week, up from the current limit of 52, after sparking a backlash among Millennials and Generation Z workers.
Workers in the east Asian powerhouse economy already face some of the longest hours in the world – ranking fourth behind only Mexico, Costa Rica and Chile in 2021, according to the OECD – and death by overwork (“gwarosa”) is thought to kill scores of people every year.
Yet the government had backed the plan to increase the cap following pressure from business groups seeking a boost in productivity – until, that is, it ran into vociferous opposition from the younger generation and labor unions.
South Korean President Yoon Suk Yeol’s senior secretary said Wednesday the government would take a new “direction” after listening to public opinion and said it was committed to protecting the rights and interests of Millennial, Generation Z and non-union workers.
Raising the cap had been seen as a way of addressing the looming labor shortage the country faces due to its dwindling fertility rate, which is the world’s lowest, and its aging population.
But the move was widely panned by critics who argued tightening the screw on workers would only make matters worse; experts frequently cite the country’s demanding work culture and rising disillusionment among younger generations as driving factors in its demographic problems.
It was only as recently as 2018 that, due to popular demand, the country had lowered the limit from 68 hours a week to the current 52 – a move that at the time received overwhelming support in the National Assembly.
The current law limits the work week to 40 hours plus up to 12 hours of compensated overtime – though in reality, critics say, many workers find themselves under pressure to work longer.
“The proposal does not make any sense… and is so far from what workers actually want,” said Jung Junsik, 25, a university student from the capital Seoul who added that even with the government’s U-turn, many workers would still be pressured to work beyond the legal maximum.
Shorter workweeks to boost employee mental health and productivity may be catching on in some places around the world, but at least one country appears to have missed the memo.
The South Korean government was this week forced to rethink a plan that would have raised its cap on working hours to 69 per week, up from the current limit of 52, after sparking a backlash among Millennials and Generation Z workers.
Workers in the east Asian powerhouse economy already face some of the longest hours in the world – ranking fourth behind only Mexico, Costa Rica and Chile in 2021, according to the OECD – and death by overwork (“gwarosa”) is thought to kill scores of people every year.
Yet the government had backed the plan to increase the cap following pressure from business groups seeking a boost in productivity – until, that is, it ran into vociferous opposition from the younger generation and labor unions.
South Korean President Yoon Suk Yeol’s senior secretary said Wednesday the government would take a new “direction” after listening to public opinion and said it was committed to protecting the rights and interests of Millennial, Generation Z and non-union workers.
Raising the cap had been seen as a way of addressing the looming labor shortage the country faces due to its dwindling fertility rate, which is the world’s lowest, and its aging population.
But the move was widely panned by critics who argued tightening the screw on workers would only make matters worse; experts frequently cite the country’s demanding work culture and rising disillusionment among younger generations as driving factors in its demographic problems.
It was only as recently as 2018 that, due to popular demand, the country had lowered the limit from 68 hours a week to the current 52 – a move that at the time received overwhelming support in the National Assembly.
The current law limits the work week to 40 hours plus up to 12 hours of compensated overtime – though in reality, critics say, many workers find themselves under pressure to work longer.
“The proposal does not make any sense… and is so far from what workers actually want,” said Jung Junsik, 25, a university student from the capital Seoul who added that even with the government’s U-turn, many workers would still be pressured to work beyond the legal maximum.
Hype over #India’s #economic boom is dangerous myth masking real problems. It’s built on a disingenuous numbers game.
No silver bullet that will fix weak job creation, a small, uncompetitive #manufacturing sector & gov’t schemes fattening corporate profits
https://www.scmp.com/comment/opinio...mic-boom-dangerous-myth-masking-real-problems
by Ashoka Mody
Indian elites are giddy about their country’s economic prospects, and that optimism is mirrored abroad. The International Monetary Fund forecasts that India’s GDP will increase by 6.1 per cent this year and 6.8 per cent next year, making it one of the world’s fastest-growing economies.
Other international commentators have offered even more effusive forecasts, declaring the arrival of an Indian decade or even an Indian century.
In fact, India is barrelling down a perilous path. All the cheerleading is based on a disingenuous numbers game. More so than other economies, India’s yo-yoed in the three calendar years from 2020 to 2022, falling sharply twice with the emergence of Covid-19 and then bouncing back to pre-pandemic levels. Its annualised growth rate over these three years was 3.5 per cent, about the same as in the year preceding the pandemic.
Forecasts of higher future growth rates are extrapolating from the latest pandemic rebound. Yet, even with pandemic-related constraints largely in the past, the economy slowed in the second half of 2022, and that weakness has persisted this year. Describing India as a booming economy is wishful thinking clothed in bad economics.
Worse, the hype is masking a problem that has grown in the 75 years since independence: anaemic job creation. In the next decade, India will need hundreds of millions more jobs to employ those who are of working age and seeking work. This challenge is virtually insurmountable considering that the economy failed to add any net new jobs in the past decade, when 7 million to 9 million new jobseekers entered the market each year.
This demographic pressure often boils over, fuelling protests and episodic violence. In 2019, 12.5 million people applied for 35,000 job openings in the Indian railways – one job for every 357 applicants. In January 2022, railway authorities announced they were not ready to make the job offers. The applicants went on a rampage, burning train cars and vandalising railway stations.
With urban jobs scarce, tens of millions of workers returned during the pandemic to eking out meagre livelihoods in agriculture, and many have remained there. India’s already-distressed agriculture sector now employs 45 per cent of the country’s workforce.
Farming families suffer from stubbornly high underemployment, with many members sharing limited work on plots rendered steadily smaller through generational subdivision. The epidemic of farmer suicides persists. To those anxiously seeking support from rural employment-guarantee programmes, the government unconscionably delays wage payments, triggering protests.
For far too many Indians, the economy is broken. The problem lies in the country’s small and uncompetitive manufacturing sector.
Since the liberalising reforms of the mid-1980s, the manufacturing sector’s share of GDP has fallen slightly to about 14 per cent, compared to 27 per cent in China and 25 per cent in Vietnam. India commands less than a 2 per cent global share of manufactured exports, and as its economy slowed in the second half of 2022, the manufacturing sector contracted further.
Yet it is through exports of labour-intensive manufactured products that Taiwan, South Korea, China and now Vietnam came to employ vast numbers of their people. India, with its 1.4 billion people, exports about the same value of manufactured goods as Vietnam does with 100 million people.
Those who believe that India stands at the cusp of greatness usually focus on two recent developments. First, Apple contractors have made initial investments to assemble high-end iPhones in India, leading to speculation that a broader move away from China by manufacturers will benefit India despite the country’s considerable quality-control and logistical problems.
while such an outcome is possible, academic analysis and media reports are discouraging. Economist Gordon H. Hanson says Chinese manufacturers will move labour-intensive manufacturing from the country’s expensive coastal hubs to its less-developed interior, where production costs are lower.
Moreover, investors moving out of China have gone mainly to Vietnam and other countries in Southeast Asia, which like China are members of the Regional Comprehensive Economic Partnership. India has eschewed membership in this trade bloc because its manufacturers fear they will be unable to compete once other member states gain easier access to the Indian market.
As for US producers pulling away from China, most are “near-shoring” their operations to Mexico and Central America. Altogether, while some investment from this churn could flow to India, the fact remains that inward foreign investment fell year on year in 2022.
The second source of hope is the Indian government’s Production-Linked Incentive Schemes, which were introduced in early 2021 to offer financial rewards for production and jobs in sectors deemed to be of strategic value. Unfortunately, as former Reserve Bank of India governor Raghuram G. Rajan and his co-authors warn, these schemes are likely to end up merely fattening corporate profits like previous sops to manufacturers.
India’s run with start-up unicorns is also fading. The sector’s recent boomrelied on cheap funding and a surge of online purchases by a small number of customers during the pandemic. But most start-ups have dim prospects for achieving profitability in the foreseeable future. Purchases by the small customer base have slowed and funds are drying up.
Looking past the illusion created by India’s rebound from the pandemic, the country’s economic prognosis appears bleak. Rather than indulge in wishful thinking and gimmicky industrial incentives, policymakers should aim to power economic development through investments in human capital and by bringing more women into the workforce.
India’s broken state has repeatedly avoided confronting long-term challenges and now, instead of overcoming fundamental development deficits, officials are seeking silver bullets. Stoking hype about an imminent Indian century will merely perpetuate the deficits, helping neither India nor the rest of the world.
Ashoka Mody, visiting professor of international economic policy at Princeton University, is the author of India is Broken: A People Betrayed, Independence to Today. Copyright: Project Syndicate
No silver bullet that will fix weak job creation, a small, uncompetitive #manufacturing sector & gov’t schemes fattening corporate profits
https://www.scmp.com/comment/opinio...mic-boom-dangerous-myth-masking-real-problems
by Ashoka Mody
Indian elites are giddy about their country’s economic prospects, and that optimism is mirrored abroad. The International Monetary Fund forecasts that India’s GDP will increase by 6.1 per cent this year and 6.8 per cent next year, making it one of the world’s fastest-growing economies.
Other international commentators have offered even more effusive forecasts, declaring the arrival of an Indian decade or even an Indian century.
In fact, India is barrelling down a perilous path. All the cheerleading is based on a disingenuous numbers game. More so than other economies, India’s yo-yoed in the three calendar years from 2020 to 2022, falling sharply twice with the emergence of Covid-19 and then bouncing back to pre-pandemic levels. Its annualised growth rate over these three years was 3.5 per cent, about the same as in the year preceding the pandemic.
Forecasts of higher future growth rates are extrapolating from the latest pandemic rebound. Yet, even with pandemic-related constraints largely in the past, the economy slowed in the second half of 2022, and that weakness has persisted this year. Describing India as a booming economy is wishful thinking clothed in bad economics.
Worse, the hype is masking a problem that has grown in the 75 years since independence: anaemic job creation. In the next decade, India will need hundreds of millions more jobs to employ those who are of working age and seeking work. This challenge is virtually insurmountable considering that the economy failed to add any net new jobs in the past decade, when 7 million to 9 million new jobseekers entered the market each year.
This demographic pressure often boils over, fuelling protests and episodic violence. In 2019, 12.5 million people applied for 35,000 job openings in the Indian railways – one job for every 357 applicants. In January 2022, railway authorities announced they were not ready to make the job offers. The applicants went on a rampage, burning train cars and vandalising railway stations.
With urban jobs scarce, tens of millions of workers returned during the pandemic to eking out meagre livelihoods in agriculture, and many have remained there. India’s already-distressed agriculture sector now employs 45 per cent of the country’s workforce.
Farming families suffer from stubbornly high underemployment, with many members sharing limited work on plots rendered steadily smaller through generational subdivision. The epidemic of farmer suicides persists. To those anxiously seeking support from rural employment-guarantee programmes, the government unconscionably delays wage payments, triggering protests.
For far too many Indians, the economy is broken. The problem lies in the country’s small and uncompetitive manufacturing sector.
Since the liberalising reforms of the mid-1980s, the manufacturing sector’s share of GDP has fallen slightly to about 14 per cent, compared to 27 per cent in China and 25 per cent in Vietnam. India commands less than a 2 per cent global share of manufactured exports, and as its economy slowed in the second half of 2022, the manufacturing sector contracted further.
Yet it is through exports of labour-intensive manufactured products that Taiwan, South Korea, China and now Vietnam came to employ vast numbers of their people. India, with its 1.4 billion people, exports about the same value of manufactured goods as Vietnam does with 100 million people.
Those who believe that India stands at the cusp of greatness usually focus on two recent developments. First, Apple contractors have made initial investments to assemble high-end iPhones in India, leading to speculation that a broader move away from China by manufacturers will benefit India despite the country’s considerable quality-control and logistical problems.
while such an outcome is possible, academic analysis and media reports are discouraging. Economist Gordon H. Hanson says Chinese manufacturers will move labour-intensive manufacturing from the country’s expensive coastal hubs to its less-developed interior, where production costs are lower.
Moreover, investors moving out of China have gone mainly to Vietnam and other countries in Southeast Asia, which like China are members of the Regional Comprehensive Economic Partnership. India has eschewed membership in this trade bloc because its manufacturers fear they will be unable to compete once other member states gain easier access to the Indian market.
As for US producers pulling away from China, most are “near-shoring” their operations to Mexico and Central America. Altogether, while some investment from this churn could flow to India, the fact remains that inward foreign investment fell year on year in 2022.
The second source of hope is the Indian government’s Production-Linked Incentive Schemes, which were introduced in early 2021 to offer financial rewards for production and jobs in sectors deemed to be of strategic value. Unfortunately, as former Reserve Bank of India governor Raghuram G. Rajan and his co-authors warn, these schemes are likely to end up merely fattening corporate profits like previous sops to manufacturers.
India’s run with start-up unicorns is also fading. The sector’s recent boomrelied on cheap funding and a surge of online purchases by a small number of customers during the pandemic. But most start-ups have dim prospects for achieving profitability in the foreseeable future. Purchases by the small customer base have slowed and funds are drying up.
Looking past the illusion created by India’s rebound from the pandemic, the country’s economic prognosis appears bleak. Rather than indulge in wishful thinking and gimmicky industrial incentives, policymakers should aim to power economic development through investments in human capital and by bringing more women into the workforce.
India’s broken state has repeatedly avoided confronting long-term challenges and now, instead of overcoming fundamental development deficits, officials are seeking silver bullets. Stoking hype about an imminent Indian century will merely perpetuate the deficits, helping neither India nor the rest of the world.
Ashoka Mody, visiting professor of international economic policy at Princeton University, is the author of India is Broken: A People Betrayed, Independence to Today. Copyright: Project Syndicate
Why Prof. Ashoka Mody Believes India is Broken | Princeton International
https://international.princeton.edu/news/why-prof-ashoka-mody-believes-india-broken
I have long felt that that upbeat story is completely divorced from the lived reality of the vast majority of Indians. I wanted to write a book about that lived reality, about jobs, education, healthcare, the cities Indians live in, the justice system they encounter, the air they breathe, the water they drink. And when you look at India through that lens of that reality, the progress is halting at best and far removed from the aspirations of people and what might have been. India is broken in the sense that for hundreds of millions of Indians, jobs are hard to get, and education and health care are poor. The justice system is coercive and brutal. The air quality remains extraordinarily poor. The rivers are dying. And it's not clear that things are going to get better. Underlying that brokenness, social norms and public accountability have eroded to a point where India seems to be in a catch-22: Unaccountable politicians do not impose accountability on themselves; therefore, no one has an incentive to impose accountability for policy priorities that might benefit large numbers of people. The elite are happy in their gated first-world communities. They shrug their shoulders and say, “What exactly is the problem?”
———
Prof Ashoka Mody interviewed by Barkha Dutt
https://international.princeton.edu/news/why-prof-ashoka-mody-believes-india-broken
I have long felt that that upbeat story is completely divorced from the lived reality of the vast majority of Indians. I wanted to write a book about that lived reality, about jobs, education, healthcare, the cities Indians live in, the justice system they encounter, the air they breathe, the water they drink. And when you look at India through that lens of that reality, the progress is halting at best and far removed from the aspirations of people and what might have been. India is broken in the sense that for hundreds of millions of Indians, jobs are hard to get, and education and health care are poor. The justice system is coercive and brutal. The air quality remains extraordinarily poor. The rivers are dying. And it's not clear that things are going to get better. Underlying that brokenness, social norms and public accountability have eroded to a point where India seems to be in a catch-22: Unaccountable politicians do not impose accountability on themselves; therefore, no one has an incentive to impose accountability for policy priorities that might benefit large numbers of people. The elite are happy in their gated first-world communities. They shrug their shoulders and say, “What exactly is the problem?”
———
Prof Ashoka Mody interviewed by Barkha Dutt
CallSignMaverick
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Its a survey of a few people and their opinion is used for making such rankings. I don't think gallup poll surveys is taken seriously in academic discourse by the intellectuals.
Valar.
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Like I say every year, when this happiness index started, Pakistanis just scored a point better than Indians which resulted in Indians getting butt hurt and Pakistanis laughing their asses off. Since that day Pakistanis score better than Indians year after year.
ThunderCat
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I doubted it as much as I doubted your BS stats claiming Bangladesh to be "better" than Pakistan when all the evidence is to the contrary. These stats are fallacious.
Such polls are common fallacies and well discussed as in this example https://www.cambridge.org/core/book...nion-polling/3854EF1C52C700FAE391608720A85BA0
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