"Are you employed today? And if you have to go out and look for work today to know the answer to that, were you employed yesterday?" @_CMIE's approach to measuring employment makes sense, considering the high percentage of daily wage earners in the country.
@_CMIE The current growth-to-jobs link is: Up to 4% growth we'll see more inequality, as all the gains go to those already doing well. Between 4-7%, the gains will be more wide-spread, but there won't be much new job creation. Only at or above 7%, we'll see new jobs created.
@_CMIE This means we need to do one of two things - either we need to get the growth back up over 7%, or we need to focus more strongly on job-creating sectors to shift the 4-7 split to something lower, like a 3-5. Without one of these, there will be widespread anxiety over livelihoods.
@_CMIE @threadreaderapp unroll
