Demands on 11th Bipartite – Wages Expenses
11th BIPARTITE SETTLEMENT : CHARTER OF DEMANDS – WAGES AS A RATIO TO TOTAL EXPENSES COMING DOWN
WAGES AS A RATIO TO TOTAL EXPENSES COMING DOWN:
Contrary to the general impression that labour cost and wage expenses are going up, it would be observed that over the years, the ratio of wages to total expenses has slided down. Tables IV is self-explanatory.