Friday, April 08, 2016

If there is not enough water how can there be enough jobs?

The rate of unemployment in rural India is 7.15% and in urban areas it is 9.62%, overall rate in the whole country is 7.97%. Are the goons working for 'syndicates' in Bengal counted as employed? " There are four pillars on which Trinamool Congress is standing, bribes, extortion, syndicates and chit funds. Using these they came to power, and using these they want to stay in power,' said a CPM official. Of course, but will it be any different under the CPM or Congress? Having committed so many crimes the Trinamool has to stay in power somehow, revenge will be swift and bloody it they lose. No wonder, Trinamool MLA Sabyasachi Dutta claimed that his syndicates are providing jobs to thousands of young men, thus sustaining thousands of households. Is it going to get better? Difficult to be optimistic. The fall in the price of oil is causing a lot of Indians to lose their jobs in Gulf countries. Indian colleges just give theoretical knowledge so that students are unprepared for the changing jobs market. We are now in the midst of the fourth industrial revolution. India missed out on the previous three, it will be a disaster if we miss out on this one. Artificial intelligence and robotics will change how people work so that only a few, with the right education, will flourish. What a pity that the fees at IIT colleges have been increased from Rs 90,000 to Rs 200,000 per year. This gives an instant advantage to the rich. Politicians insist that students should take loans from banks because they will get high paying jobs once they finish, so repaying will be easy. Will it? Bernie Sanders, a 73 year old Senator with socialist ideas, is drawing large crowds of young people and giving Hillary Clinton a run for her money in the race to be the Democratic candidate for presidential elections in November. Why are young Americans gravitating towards socialism? Because jobs with good salaries are scarce so that many are struggling to pay off their student loans. Surely colleges in emerging nations are not as expensive as in the US? Fights are breaking out in colleges in South Africa because poor students are finding it increasingly difficult to afford a university education. It will be much worse in India because reservation students will not pay a paisa even if they are extremely rich. There is something very fishy about the published rate of unemployment because 75% of women in India do not work. When it comes to permanent jobs the ratio is one woman for every 4 men. Anyone who can get a job in an IT company tries to get transferred to the US. If nothing at least give birth in the US so that the baby can get US citizenship. The drought in Maharashtra is a warning that there are too many people in India. There can never be enough jobs for so many. Without jobs there will be 'syndicates' everywhere.

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