India’s economy has not been creating enough formal jobs to absorb the country’s large and growing youth population. Forces such as technology, restructuring of trade into global value chains, climate change, and now the pandemic, are altering the labour market in unprecedented ways and are exacerbating the employment challenge.
Lately, policy makers and commentators have questioned whether the “demographic dividend” could turn into a “disaster,” as countries struggle to create enough productive jobs for their ballooning youth populations. So far, research has focused less on the geography of the demographic dividend. Where are these young people who seek productive work? Where can their economic potential be fulfilled?
Sabina Dewan, President and Executive Director of JustJobs Network and Senior Visiting Fellow at the Centre for Policy Research (CPR) ; and Partha Mukhopadhyay, Senior Fellow at CPR, write for the Hindustan Times.
From the recent experience in Myanmar, Adithya B. Kumar from CESD and Tanja Matheis from JJN, discuss the process of reaching consensus on minimum wage rates and how research organizations can help to facilitate fact-based decision making among stakeholders.