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als RSS Feed abonnieren📚 In India, Engineers and MBAs Are Turning To Manual Labor To Survive the Economic Crash
💡 Newskategorie: IT Security Nachrichten
🔗 Quelle: slashdot.org
As India's economy reels in the aftermath of one of the world's strictest lockdowns, a rural employment program has emerged as a lifeline for some of the tens of millions left jobless. From a report: The government program -- which aims to guarantee 100 days of unskilled work in rural areas -- was intended to combat poverty and reduce the volatility of agricultural wages. Now it is a potent symbol of how the middle-class dreams of millions of Indians are unraveling. The program is serving as a last resort for university graduates as well as former white-collar workers who find themselves with no other safety net. More than 17 million new entrants applied to access the program from April through mid-September. Nearly 60 million households participated during that time -- higher than the total for all of last year and the most in the program's 14-year history. The need is dire. India's economic output shrank by 24 percent in the three months to June compared to the same period last year, worse than any other major economy. During the nationwide lockdown, more than 120 million jobs were lost, most of them in the country's vast informal sector. Many of those workers have returned to work out of sheer necessity, often scraping by on far lower wages.
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