Sunday, February 13, 2022

A very select group.

"India's aspiring middle class Gen Z - those between 18 and 25 years old - is making a break from tradition. But can the economy deliver on their dreams?" asked Ankur Warikoo. "For this group of Gen Z, college is not just a route to a job - instead, it's a space for opportunities." "It's where they can mull over or even launch an early version of a start-up or do multiple internships without any financial burdens." "They won't jump to find a job," "They want to marry late, if at all," and "They will take financial risks." Clearly, this is a very select group which has financial backing from parents to indulge their whims. So different from the "Thousands of youngsters" who burned down empty train coaches "in protest against what they call irregularities in recruitment by the mammoth railways department, one of the world's largest employers", Reuters. There were 24 million applications for 120,000 vacancies announced by Indian Railways last year, BT, an average of 200 applications for every post. Insulated from the "nowhere generation" whose lives have become one long "timepass", BBC. These protected Gen Z will probably run their start-ups with gig workers. "The gig economy can serve up to 90 million jobs (roughly 30 percent of India's non-farm workforce). This can add 1.25 percent to India's GDP, according to a Boston Consulting Group (BCG) report," BW. "India's gig sector is likely to grow to US $455 billion at a CAGR of 17 percent by 2024," ASSOCHAM predicted. According to BCG "participation in gig economy is higher in developing economies (5-12%) than developed economies (1-4%) and most gig jobs are in lower-income job-types such as deliveries, ride-sharing, micro-tasks, care and wellness," Fortune. "Those who celebrate gig work for high efficiency, high productivity and for bridging the income and employment gaps in India often ignore the wretched working conditions of gig workers, particularly at the lower end of the skill chain -- abysmally low wages/income, no social security, no job security and poor working environment." Warikoo's Gen Z are far removed from a whole list of young women who have been thrown into prison on trumped-up charges of sedition but they have not bowed. "Small wonder, then, that state authority so fears them -- youth unbridled, youth given its head, is a dangerous and worrying phenomenon for those who seek to control. For every policeman who raises a stick to the brave young feminists, the anxiety he is dealing with is real," wrote Urvashi Butalia. By marrying late or not marrying at all this class of Gen Z will probably refrain from the disgusting and hateful practice of dowries. "Dowries have been banned in India for more than 60 years, but the practice persists -- and not only in rural and more traditional parts of the country," CNN. Thankfully, they will definitely never join the 'Trads' who "praise lynching, oppose both Muslims and Christians, believe in the oppressive caste system, and hate all outspoken modern women, whether Muslim or Hindu," BBC. Warikoo's group of Gen Z are lucky -- they have a choice.

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