economic policy & Labour

Inflation and Impact on Growth Recovery

THE possibilities of persistent inflation seem to be looming large and a resultant contraction in demand primarily because of a cost-of-living squeeze is going to impact the growth rate, the forecast of which undergoes a downward revision in recent rounds by most rating agencies. The Russia-Ukraine war and the consequent rise in fuel and food prices are not going to cool down soon. Prices of food, metals, fertilizers and edible oil are on the rise at a global level driven by supply bottlenecks created by the war.

Food Inflation and the Working People

THE Consumer Price Index (General) measuring retail headline inflation shows a year on year growth of 7.8 per cent in the month of April 2022, which is the highest in the past eight years. Actually, the CPI (General) was higher than 6 per cent in the month of May and June last year and then the prices seem to moderate till September 2021. Since then, there has been a sharp rise in prices reaching close to 8 per cent in April this year.

Marx: ‘Working Day’ and Class Struggle

THE struggle to define the working day as Marx described in Capital I was a protracted and concealed civil war between the capitalists and the working class spanning for more than half a century. For capital, the consumption of labour from the labour-power shouldn’t face any limit of time. The longer the constant capital or machines put to work, the greater will be the possibility of extracting surplus value from the workers.

Gig Work: Techno-normative Control and Rising Precarity

GIG work has emerged as a significant mode of employment within the platform economy. Technology platforms allow a new work form where people can join the labour market by simply accessing an application that happens to be the site where consumers, employers and workers virtually meet. Platform-based work encompasses different modes of crowd work where individual service providers can meet their clients through the internet and sell services as required.


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