Foxbots in China Last year Foxconn chairman had said that he would use 1 million robots to replace most of the workers in his numerous factories in China. Foxconn which is one of the largest electronic manufacturers in the world supplying to all the top brands such as Apple, HP etc. is also one of […]
1 Robot to replace 100 Workers India is inducting around millions of workers into the ranks of job seekers every month with its burgeoning population which mostly consists of the younger demographic. Most of these job seekers won’t get jobs as the Indian economy has failed to create enough good jobs thanks to the years […]
Availability of Cheap Labor and Technological Advancement leads to Joblessness Labor around the world has got squeezed by multiple forces beyond its control. The relentless and rapid technological development along with globalization has pauperized the low skilled workforce around the world. Companies and top management are continuously squeezing the workforce to extract the last drop […]
It is a known fact that India is currently ranked as the 10th largest economy in the world. There was much speculation since 2002 about the performance of Indian economy which was expected to be at the dawn of two decade mark of the 21st century. Planning Commission under the chairmanship of Mr. S.P.Gupta submitted […]
Global Unemployment The phenomenon of growing unemployment across the world has become a regular feature across daily news stories. This is not restricted to one nation or region but seems to be happening across all countries. Higher structural unemployment has become an accepted fact. Some countries like Greece, Portugal and Spain are seeing depression like […]
As India grows more prosperous and more citizens get educated, the country is facing a major problem. While every country would kill for millions of graduates passing out every year, India is finding them to be a problem. The reason is that India is seeing jobless growth with a paucity of decent jobs on offer. […]