Thread by @naukarshah

Shh.. Shhh.. Don’t worry dear PM @narendramodi.

Your salary is safe.

Though it is true that salary & jobs of quite a few working professionals are now a bit dicy.

What! You need a briefing on that?

First you stop sucking the soul out of that aam. It is all over you. 1/n

No no. They were not even afraid of @amitshah directives to not lay off and pay full wages.

Btw, I think after the CAA-NRC protests no one is afraid of him anymore like it was earlier. We need to urgently find someone new for all this now.

Of course, I will keep an eye out. 2/n

Coming back, yes, companies have begun laying off and are laying off in a big way.

Can't we ignore them like the migrant workers?

Hmm.. May be

But see dear PM, our economy is running pretty much only due to salaried employees in govt & organised private sector now. 3/n

While we can ignore those disposable, despicable human beings who crave for a day's living or a month's salary, the economy is important to our friends.

And our friends are important to us!

You get it right!

shmarty...

So we need to take care of economy, for our friends. 4/n

Even when the no-layoff directions were there, companies were laying off employees because of operational reasons.

Can't blame the companies or MSMEs because most were facing cash-flow issues. Along with an uncertain future and a muted demand. 5/n

Now with this from @HMOIndia, we can see more of such news now.

Got it. First things first. Get @PrakashJavdekar to direct to all media to not talk about job losses.

Yes. Just like we did for migrant crisis.

Done.

Now moving on to dealing with the issue. 6/n

You see dear Pm @narendramodi, there are two kinds of companies right now. One kind which has troubles with liquidity and cash-flow and another kind which has sufficient cash at hand.

But layoffs will begin for both immediately due to future uncertainty. 7/n

As and when demand picks up they can always hire again right? So why bother to keep paying salary now. That makes perfect business sense as well. To cut costs.

But what works for the companies individually does not work for the economy as a whole during a market failure. 8/n

So even in places like capitalist US, they have come up with models like work-share to prevent layoffs. Even your dear friend @realDonaldTrump has worked tremendously on this dear PM @narendramodi . 9/n wsj.com/articles/layof…

Yes yes. I know your constraints.

People simply ask for money.

Those idiots don't understand the importance of a 20,000 crore central vista with your Mahal & a garden of mango trees.

Also if you don't pay contractors & consultants how can one win elections right? Silly! 10/n

Also, we announced so many loan schemes? Why can't these companies take loan to pay employees? Why they keep coming to govt? These parasites!

You see dear PM @narendramodi, no company will take a loan to just pay their employees when they are not sure of their future! 11/n

So while we have given them a 'how', we haven't yet given them a 'why' dear PM @narendramodi.

Why should companies take that loan to pay their employees?

Why should the cash rich companies continue to burn their cash to not layoff & keep paying salaries. 12/n

We can't afford a work-share model considering the deep fiscal shit we are in.

But can we provide those companies some incentives to not layoff beyond their normal attrition levels and keep paying them salaries for at least an year? 13/n

Right now it is very very important to protect these jobs and salaries dear PM.

They are the only ones spending on at least groceries & veggies. Because of the promise of next month's salary.

Imagine if that were to stop. The ripple effect would be catastrophic 14/n

So how do we incentivise companies to not layoff & keep paying the salaries without govt further digging the fiscal mariana trench you ask?

An excellent question. Half the battle is won when you can frame the right question dear PM @narendramodi.

My vote till 2034. 15/n

"How do we incentivise companies to not layoff & keep paying the salaries without govt further digging the fiscal mariana trench?"

One way to answer this question is what your govt likes to do the best.

Promise benefits in the future based on conditions of the present. 16/n

For example, we can have a corporate tax credit (of a certain percentage) given to all those companies that agree to not layoff.

A credit which can be redeemed anytime say in the next three to five years or whenever they turn profitable.

Or may be a future GST credit? 17/n

No. It does not solve the issue. But it adds a bit more weight to the cost side of the cost-benefit analysis that companies do while doing a layoff.

Should we agree to a one year no layoff scheme and avail ourselves a redeemable tax credit, or do we go ahead and layoff?

For govt, this means a work-share model but by borrowing from the company itself. A future outgo & a potential fiscal risk.

But a potential future fiscal risk is something we can live with. We will have some time to work on that.

For now we can't start a downward spiral. 19/n

Okay, okay. Here. You can have your aam dear PM @narendramodi.

And on your salary? I was lying. Even that is not that safe.

Most state govts would find it difficult to give salaries & pension now. Especially with the GST screw-up.

But that is for another briefing!
આવજો

Oh! I almost forgot dear PM @narendramodi.

Politically this could be a masterstroke.

People in all these companies subscribing to this no layoff scheme will thank you for saving their jobs.

Always indebted to you!

PM Naukri Bachao Abhiyan! Whatsay?