The International Labour Organisation Wednesday said that the labour income share has stagnated since 2019, due to Covid and technological upgradation, putting upward pressure on inequality and a large share of youth remains out of employment, education or training. The global labour income share represents the portion of total income earned by workers. In its … Read more
New Delhi: Former World Bank chief economist Kaushik Basu on Saturday said India needs to tame inflation that disproportionately affects people who spend a large chunk of their income on food and could exacerbate inequality. “Even if inflation is at 5.1%, food inflation is at 30%. For someone spending 50% of their income on food, … Read more
“I’m paying around $35 per month now, and that’s with $30 off my bill,” Perez says. “So eventually I’ll pay more than $60 per month.” This past weekend he used his data plan, which he uses for internet on his phone, to help out a former roommate who lives on a fixed income, and whose … Read more
