The vast majority of the workforce is being reduced to living below the poverty line and the talk of ‘inclusiveness’ remains only in the policy documents and does not contribute to improving the quality of the work life of the labour force, retired professor of Economics, University of Hyderabad, D. Narasimha Reddy said here on Thursday.
Dr Reddy delivered the 7th Karl Marx Endowment Lecture on the topic “From State Capitalism to Neo-liberalism- A challenge to labour rights,’’ at Acharya Nagarjuna University. Underlining the transition from state capitalism to neo-liberalism, Dr. Reddy said that the plight of the labour has deteriorated to such an extent that the workforce got reduced to the status of a non-entity. All the three important organs of the State namely, legislature, executive and judiciary had contributed to this process by supporting the corporate sectors, he pointed out.
Employment had lost its charm in the present days and outsourcing which did not offer any job security had become the order of the day, he said. Further with the gradual weakening of workforce in spite of the vast majority of the legislations had also contributed to the present condition. Professor Reddy cited several examples highlighting inadequate machinery set up for the implementation of the provisions of the labour legislations.
For example, in the state of Punjab, one Factory Inspector has been assigned to look after the functioning of 900 factories which is impossible by any account. Vice Chancellor of ANU, K.V. Rao presided over the meeting. Co-ordinator, Endowment Lectures, M.V.Ram Kumar Ratnam conducted the proceedings.