Saturday, 19 March 2011

Employment with Low Wage Rates?

The countries like United States of America and Europe had enormous development activities during the last two centuries due to political subjugation.

Now, natural revolution is taking place. We should take advantage and try to employ huge human resources at low wage rates. Further, they can compete well in the global market. It also ensures low prices for consumable items within the country.

Let us understand that this policy achieve long term sustainability rather than the limited employment and high wages rate regime.

What is your view in this regard?

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