Rise in global inequality - The Hindu
Rise in global inequality - The Hindu
My VIEW:
Let us read this again:
"Clearly, the current ‘cut off your nose to spite your face’ approach to policy-making has to give way to more constructive means of mitigating inequalities to sustain economic growth. Based on its effectiveness in the developing and advanced countries, the ILO recommends that a minimum wage floor should be set in a manner that balances the needs of workers and their families with broader economic factors. "
My VIEW:
Let us read this again:
"Clearly, the current ‘cut off your nose to spite your face’ approach to policy-making has to give way to more constructive means of mitigating inequalities to sustain economic growth. Based on its effectiveness in the developing and advanced countries, the ILO recommends that a minimum wage floor should be set in a manner that balances the needs of workers and their families with broader economic factors. "
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