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UPA on course to destroy more jobs with minimum wage law

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If the recent jobs report put out by the National Sample Survey Office (NSSO) is any guide, the last thing the UPA government should be thinking of is tinkering with the labour market and damaging the remaining job prospects of young people.

 

The NSSO survey shows that unemployment rose more than 10 percent between 2010 and 2012, among other things.

 

Unfortunately, under trade union pressure, the government is planning one more piece of legislation to ensure that jobs don’t grow: it is preparing to legislate a National Minimum Wage, which will ensure that even states with competitive wage rates will now become more employment-resistant. Read More

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