Demands on 11th Bipartite – Inflation and Impact on Real Wages
11th BIPARTITE SETTLEMENT : CHARTER OF DEMANDS – INFLATION AND IMPACT ON REAL WAGES
INFLATION AND IMPACT ON REAL WAGES:
Wage is not only the price of labour but must also correspond to the price line. With the alarming level of unabated inflation and with every dose of price rise, the real wages are dipping and getting eroded. The following Table VI would manifest the enormity of the menace of price rise.