The article highlights a structural crisis of stagnant/declining real wages for over a decade, using data from PLFS and EUS. This has led to widespread worker protests demanding higher minimum wages, as earnings fail to meet basic needs even during low inflation. The situation, acknowledged in the Economic Survey, depresses demand and requires focused policy intervention.
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- ›Urban Wage Decline: 1.2% p.a. (2011-12 to 2022-23)
- ›Rural Wage Decline: 0.6% p.a. (2011-12 to 2022-23)
- ›Target this Data: Real regular wages in urban areas declined by 1.2% p.a. between 2011-12 and 2022-23.
- ›Target this Nodal Body: National Statistical Office (NSO) for PLFS and EUS data.
- ›Target this Data Point: 94% of workers on E-Shram portal earn less than ₹10,000 per month.
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