How India's informal economy is shrinking, and why that's good news in the long term | Greater formalisation will see a shift from low-paying, labour-intensive jobs in informal sector to more productive, formal-sector jobs. This could lead to disruption in short term theprint.in/ilanomics/how…
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πŸ“…︎ Nov 05 2021
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Due to the economic volatility, many working-class Malaysians had no choice but to join the informal sector such as the gig economy, including becoming sex workers, said Jaringan Pekerja Tidak Formal representative Ahmad Yasin. focusmalaysia.my/pandemic…
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πŸ‘€︎ u/stormy001
πŸ“…︎ Oct 19 2021
🚨︎ report
1.5 million job losses in August in formal and informal sectors: Report newsclick.in/1.5-million-…
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πŸ‘€︎ u/SKAr-FACE
πŸ“…︎ Sep 04 2021
🚨︎ report
Inegi reporta caΓ­da de 1.3% de trabajadores del sector formal e informal entre julio y agosto latinus.us/2021/09/28/ine…
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πŸ‘€︎ u/frevueltas
πŸ“…︎ Sep 28 2021
🚨︎ report
Inegi reporta caΓ­da de 1.3% de trabajadores del sector formal e informal entre julio y agosto latinus.us/2021/09/28/ine…
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πŸ‘€︎ u/frevueltas
πŸ“…︎ Sep 28 2021
🚨︎ report
Muslim enrolment in formal sector
  • Muslims constitute a mere 2.67% of directors and senior executives β€” 62 of the 2,324 executives β€” among the BSE 500 companies.

  • These top executives took home 3.14% of the total remuneration drawn by this group.

  • The BSE 500 corresponds to almost 93% of the m-cap on the stock exchange.

  • The Muslim employment figure in senior management for BSE-100 companies, in comparison, goes up slightly to 4.60% β€” 27 of 587 β€” of total directors and senior executives, though the remuneration drops to 2.56%.

  • It’s not only the private sector which employs few Muslims in its hierarchies as other estimates indicate that the share of Muslims in government jobs is also low; it’s less than half of their share of the population.

  • Muslims constitute 14% of the population but only 3% of the formal sector.

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πŸ‘€︎ u/HotBabyClem
πŸ“…︎ Apr 12 2021
🚨︎ report
Statistician looking to switch careers into the environmental sector (no formal education in environmental science)

Hello! Looking for advice and guidance. I currently have a stable career as a R&D statistician in medical devices (I'm early 30's for reference). I'm at a point where I do not enjoy my career (really just burnt out day-in-day-out) and am looking to switch careers entirely. I have always been a nature-lover and am the happiest when I'm outdoors. My biggest snag is I have no formal education in environmental science, biology, forestry, or anything of the sort and am not entirely sure where to begin?

From the research I've done, it seems I would be happiest in a career that falls under the umbrella of "park naturalist" because I enjoy education, prefer to be outside, and have experience with analyzing data due to my current work.

Thoughts? Advice? Or is this a pipe dream?

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πŸ‘€︎ u/moosetopenguin
πŸ“…︎ Mar 20 2021
🚨︎ report
Baffled at the confidence in analysis by people who have no experience nor formal education in the health care sector. Why is this so common in specifically health care?

(this is a rant)

I do not think I have ever seen a virologist, an immunologist, an epidemiologist, hospitalist, EM physician, nor a global health specialist or admin lecture a physicist on how to build a rocket ship or run a multi-billion dollar aerospace industry.

I have never seen them look at the fuel measurements, the approximated cost of metal shipments, or the blueprints for landing gear and tell Elon Musk how to do something better.

The arrogance is baffling.

And here we have Elon Musk throwing stats around with implications he doesn't understand.

Physicists, economists, business owners, politicians, lawyers, do not need a single year of basic biology to earn their titles and accreditation . Yet, during this pandemic they are seen lecturing Global Health specialists and direct health care providers on how this virus functions.

I believe Public Health intersects between every area of life, every profession, every community.However, I do not believe people calling for the halt of very delicate, intricate and complicated initiatives should be people who have absolutely no background or experience in health care - yet it's so normal.

And not just by the common public, but by incredibly influential people who claim to have respect for field of high study/specialization.

Medicine is notoriously a field of practice that takes years of study, training, and mentoring to even reach a status of qualification for the very simplest procedures.How did it suddenly become a field where the layman has an opinion more noteworthy than people who have dedicated their lives to this, both in study and practice? And have recently died for it?

If you see a contradictory stat - why not sit down, listen, and ask questions rather than sharing an "aha!" moment?

Why is it so easy for people to do this about black holes, gravitational waves, computer science, photography, plumbing, fucking refrigeration?

And they say doctors are arrogant...

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πŸ‘€︎ u/Justice_is_a_scam
πŸ“…︎ Apr 30 2020
🚨︎ report
For an employee in formal sector, ,,>Gross Income=Taxed Income+Income Tax to Govt. and > Taxed Income = Product/service+ GST/duty/cess again paid to Govt.

So basically both income and expenditure are being taxed (double taxation?!). And they wonder why consumers aren't spending much!

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πŸ‘€︎ u/cornercookie2
πŸ“…︎ Feb 28 2021
🚨︎ report
Undervalued and unrecognized, Turkish waste pickers at mercy of formal recycling sector duvarenglish.com/underval…
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πŸ‘€︎ u/sciwins
πŸ“…︎ Mar 20 2021
🚨︎ report
Has any studies been done to determine the effect of many businesses strongly encouraging card use only due to Covid. Has this moved some businesses from the informal to the formal sector.

I'm in Perth and am well aware that historically, if a business wants cash payment, they are probably doing some form of tax evasion. Now that more payments are on the books due to the need to do card payments, I wondered if this has changed things in a noticeable way in the stats.

In a similar note, I have noticed a lot of help wanted signs. I assume a big part of this is that foreign students and backpackers are no longer available to work at illegal wages. Has this also been looked at by anyone?

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πŸ‘€︎ u/letsburn00
πŸ“…︎ Dec 14 2020
🚨︎ report
All those opposing the recent labour reforms screeching that they are "anti-poor", if current laws were so good, why is 90% of the labour force outside the formal sector?!

If our current labour laws of 40+ central labour laws and over 200 state laws is so pro poor, protects the labourers blah blah, then why are barely any labourers covered by them? Why are there so many contract workers? Why are there so many poor labourers who dont have any protection? Why are so few workers in the formal sector? Why did Bangladesh and Vietnam with more relaxed labour laws surge past India from a much poorer position? Why is that within India, areas with relaxed labour laws have significantly more formal sector jobs, factories, and large MNC investments, namely in SEZs and industrial parks? Why should unproductive workers or those who don't show up to work shouldnt be fired? Why should government permission be needed if you want to fire workers in factories > 100 workers?

IMO, the current labour laws need to be nuked. Only laws related to minimum wage and bonded labour needs to kept. Hire and Fire should be allowed and encouraged to kick out unproductive workers. Large Unions should be banned and only small local level unions should be allowed, that too with government approval, as unions are a curse most of the time

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πŸ‘€︎ u/factsprovider
πŸ“…︎ May 13 2020
🚨︎ report
It’s alarm bells for the farm sector in Kerala. Rise in temperature levels -- in recent years even before the formal onset of summer -- will have an adverse impact on farming in the State. thehindu.com/news/nationa…
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πŸ‘€︎ u/Ancient-Gee
πŸ“…︎ Feb 28 2020
🚨︎ report
1.37 crore formal sector jobs created in FY19, shows EPFO subscription data livemint.com/news/india/1…
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πŸ‘€︎ u/eff50
πŸ“…︎ May 25 2019
🚨︎ report
1.37 crore formal sector jobs created in FY19, shows EPFO subscription data livemint.com/news/india/1…
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πŸ‘€︎ u/eff50
πŸ“…︎ May 25 2019
🚨︎ report
When #MSMEs have a trusted #businessprofile, they will be able to connect with the formal #financial institutions and potential #partners. Thus, it will promote the growth and development of the MSME Sector. Here, #Tokoin takes part in developing the blockchain-based app.
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πŸ‘€︎ u/s2break
πŸ“…︎ Aug 28 2019
🚨︎ report
The Other Side of GST - The GST will force the informal sector to either enter the formal sector or shut down. With too many rules in formal sector, it is obvious many businesses will shut and people will lose jobs. newslaundry.com/api/amp/d…
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πŸ‘€︎ u/panditji_reloaded
πŸ“…︎ Jul 12 2017
🚨︎ report

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