ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

A+| A| A-

EURO ISSUES-Costly in the Long Run

labour and employment to eliminate such rigidities" It is the technological choices of the owners of capital underwritten by the capital-supporting fiscal incentives offered by an obliging government, and not the supposed rigidities of the labour market, which have been responsible for reducing employment in medium and large industries. The government's attempt to relax labour laws and regulations will serve only to reduce the earnings and purchasing power of even the small relatively organised segment of the workforce and in the long run tighten the demand constraint on the industrialisation of the country.

Dear reader,

To continue reading, become a subscriber.

Explore our attractive subscription offers.

Click here


(-) Hide

EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.

Back to Top