The entire middle class and upper class people who are educated and vociferous are expressing their anxiety regarding high prices of consumables and vegetables prevailing today. They want that they should come down. But none of them make an honest attempt to analyze the causes and take preventive measures.
When there is increase in the wages or D.A of one industry all the other industrial units put up their demand and achieve higher wages, consequently the prices of industrial products rise. We nowhere come across an industrial labor demanding LESS WAGES. When I say industrial worker, I mean khalasi to CEO/CMD of that industry. Insurance companies, Banks, Power supply units and last but not least the GOVERNMENT Service personnel demand and achieve higher wages and incomes. This tendency itself is the cause of HIGHER Prices for vegetables and other consumable goods.
There is no use of blaming any other agency than them. It has become a favorite subject of discussion that LABOUR is not adequately rewarded. They forget that there is no inherent cost for natural products which are all provided by GOD free of cost at the outset. According to the labor hours put in each of the metals extraction from earth, their costs are comparatively fixed by man himself.
Wages of labor should be just based on daily/weekly/monthly basis, equally for all. When we introduced disparities in wages at the beginning we ourselves unconsciously paved the way for all sorts of troubles in the economy of to-day. Except a complete revolution, nothing else will be able to correct the economic evils the world is facing. Already corrective measures have started in the developed countries not willfully but by natural forces of demand and supply.
It may take a decade or two for the developed countries to stabilize their prices. In this period, if we Indians willfully reduce our wages we may be in a position to corner the major portion of demand in the world with our vast idle human resources. Let us take advantage of the world situation and act.
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