India’s low wages and high profits—why a moment of labour reckoning may be upon us
The employer avoids statutory obligations, the labour contractor pockets a margin and the worker must absorb every risk—of illness, injury, job loss and inflation—with no cushion. Over 80% of India’s workers remain outside formal employment frameworks. The contractual factory worker earning ₹13,000 a month, for all his precarity, is at the better-off end of a vast and largely invisible precariat.
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