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  • Unemployment |ForumIAS
    Unemployment is a situation in which a person is willing and capable of working at the existing wage rate but does not get a job to work Unemployment refers to a situation where a person who is able and willing to work is not able to find a job It is often used as a measure of the health of an economy, as high levels of unemployment can indicate a lack of available jobs, which in turn can
  • [Answered] Discuss the issue of unemployment in India. What India . . .
    Unemployment is a situation in which the person is capable of working both physically and mentally at the existing wage rate, but does not get a job to work In other words unemployment is a situation in which a person who is willing to work at the existing wage rate does not get a job Unemployment is a reason for alarming concern in India today
  • Phillips Curve |ForumIAS
    Phillips Curve is an economic theory which explains the inverse link between an economy’s unemployment rate and inflation rate A W Phillips made the initial suggestion in the 1950s The fundamental tenet of the Phillips Curve is that when unemployment declines, labour becomes more in demand, forcing firms to compete for workers by raising wages As wages rise, production costs rise as well
  • Disguised unemployment generally means
    Disguised unemployment means that more people are engaged in a job which can be done with fewer people, normally seen in agriculture where the whole family is involved It means extra people can be removed without affecting productivity, i e their marginal productivity is zero Source: CSP 2013
  • Consider the following statements regarding the Periodic Labour Force . . .
    Q Consider the following statements regarding the Periodic Labour Force Survey (PLFS): 1 The survey is conducted by the Ministry of Labour 2 It aims to estimate important employment and unemployment indicators in both usual status (US) and CWS in both rural and urban areas annually Which of the statements given above is are correct?
  • Disguised unemployment |ForumIAS
    Disguised unemployment aka hidden unemployment refers to a situation where labour that is employed but he she is not utilised for the production of goods and services It does not contribute to the output of an economy as their marginal product is zero (contribution to production is nil)
  • The VB-G RAM G Act 2025 fixes structural gaps |ForumIAS
    It removes procedural clauses that weakened unemployment allowance in practice, and strengthens time-bound grievance redress Demand-based work with readiness: Demand still comes from workers, but advance participatory village-level planning ensures work is ready when people ask, instead of being denied due to administrative unpreparedness
  • Under-Employment, not Unemployment is the main problem facing India . . .
    NITI Aayog had recently stated that not unemployment but a “severe under-employment” is the main problem facing the country What is underemployment? Underemployment is a measure of employment and labor utilization in the economy that looks at how well the labor force is being utilized in terms of skills, experience and availability to work
  • [Answered] Evaluate the significance of the PM Internship Scheme in . . .
    The PM Internship Scheme, operationalized through an online portal, is designed to address youth unemployment in India by offering year-long on-the-job training This initiative seeks to bridge the gap between academic education and the professional skills demanded by industries The scheme, involving both private sector participation and government funding, aims to provide youth with
  • Jobless Growth |ForumIAS
    Jobless growth is when the economy experiences growth but unemployment remains stubbornly high In other words, the economy is expanding but this is not translating into an increase in employment





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