India is at the nightmare scenario of 50% of the labour force generating 11% of GDP. Photo: Bloomberg In the US, 31% of workers are now self-employed, freelancing or in gig economy work. But India is ahead of the US; about 75% of our labour force meets the same criteria. Uber is in the news for the wrong reasons but platform companies like it have already changed labour markets in rich countries and the model will influence even poor-country labour markets like India in the long run. But we’d like to make the case that a) India’s huge self-employment […]
Full Post at www.livemint.com