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#Thalinomics calculates food prices as a % of income of workers in organised manufacturing to claim that food has become more affordable - less than 5% of all workers in India are in organised manufacturing, which is one of rare sectors where wages have been rising (1/n)
what is really shocking is even for organised sector workers more than 50% of income needed to consume thali that meets dietary requirements as per #EconomicSurvey2020 - imagine how impossible it is for more than 80% earning much lower wages to achieve adequate diets (2/n)
to add to that wages across rural areas have been almost stagnant - "Since May 2014 real wages of agricultural labourers have grown at the rate of 0.77% per annum until October 2018,and only at 0.02% per annum for non-agricultural labourers" livemint.com/Opinion/DzpHjZ… (3/n)
total jumla at a time when with highest unemployment in 45 years + recent months food inflation has meant people literally going hungry in many parts of the country. @sayantanbera has done one more great piece on this today livemint.com/news/india/new… (4/n)
taking low inflation completely out of context and arguing that it actually improved diets is really the pits when the slump in the prices actually a contributor to farm crisis see hindustantimes.com/india-news/wor… by @Roshanjnu last year for e.g. (n/n)
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