Inflation doesn't matter so much for government employees and employees in the organised sector. They can absorb the shock, at least to some extent. Farmers may even benefit from the higher prices, although this is doubtful. Daily wage workers may increase their wages.
But there is a silent class which is being crushed. People working for small businesses as managers and accountants, shop assistants and other white collared people like that. Has anyone bothered to find out how they are managing to stay alive?
RE:Inflation
by SEARCH SERVICES on Apr 11, 2008 01:04 PM Permalink
Prem Mohan has raised a very apt issue. Millions of White collars in B and C class organizations as well as private professional service providers are the muted suffering majority whose earnings reduce with inflation.
When our public represeantatives shell out largess to Govt employees from public money - a. they compare with the A class companies who are just handful, comparing with the vast number of B/C class companies. b. never assess - whether the return to public is at all in proportion to the public money spent on them c. productivity and responsibility of govt. employees vis-a-vis those in private sector
If our public rep.s took public accounting seriously and accordingly pruned numbers and rationalized the salaries of govt. emplyees, non-productive public expenditure would have been cut as well as country-wide parity of wages / earnings could emerge. That could singly contribute in controlling inflation and keeping the economy on steady course.
