The effect of minimum wage on employment has been one of the most explored topic in the discipline of labor economics. During the global recession that plagued the world recently, the rate of employment for the low-skilled and young workers (who comprise the largest component of all minimum workers) worsened disproportionately. Traditionally, some economists have argued that the imposition of a minimum wage that is above the market clearing equilibrium wage reduces employment and at the same time contributes to unemployment particularly among the relatively unskilled as well as the young workers. This is quite ironical given that this is ...
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INTRODUCTION
for India for a 31 year period starting from 1980-1981 up to 2010-2011 on six independent
variables: Gross Domestic Capital Formation, Net Domestic Savings, Exports, Employment,
Gross Enrolment Ratio and Imports.
MOTIVE
Macroeconomic theory suggests that aggregate demand depends on economy’s investment,
savings, exports and imports. We have gone off the beaten track and included two
unconventional variables- the employment in the public and organized private sector and the
gross enrolment ratio. Our objective behind this has been to show how the spread of
education sector and increased employment opportunities affect the annual growth rate of
GDP and to find out if it has had a significant impact on the economic growth of India in the
past few ...
INTRODUCTION
The importance of screening students in schools for mental soundness or otherwise is a phenomenon intended to improve emotional and behavioral patterns. Incidence such as December’s Newton shootings that left 20 children and six adults dead show signs of serious mental sickness in the society. Majority of the mental mass shootings, according to police sources and psychiatric evaluation results from mental illnesses that are not detected and diagnosed early enough to avert violent encounters. Numerous studies are on the contrary and do not associate mental illnesses and violence, but the fact remains that improved screening and treatment at an ...