Some interesting facts were noticed recently through some business news and thought about it . If we can see the most imp challenge today ...it is Unemployment .But is it really ? In Maharashtra , from that matter , a young boy from Osmanabad decides to come to Mumbai / Pune . Can he get a job ...Answer is Yes . It may be in IT or in Swiggy or Amazon delivery or in Samsung service center . But he is going to get a job . To take this one step ahead , we can comment that India has a Wage problem .Some one can give a name Underemployment .There are different types of Wages - Gross Wages and Net Wages , Real Wages and Nominal Wages ,Govt Wages and Private Wages .Example - If you want to appoint a diploma holder in Mech engineering , he will demand different salaries at different locations .May be 8000 in Gwalior , 15 000 in Gurgaon and 18000 in Mumbai . Now if compare the business model of 3 firms in these 3 cities , you will notice a vast difference . So we need to look at unemployment problem from different perspective . India has around 70 million enterprises , out of which 12 million do not have office , 12 million work from home , 12 million only pay indirect taxes , only 20000 enterprises has paid capital above 10 crore .So to increase the wages , we need to increase the productivity , to increase the productivity we need to have structured enterprises . That means , Industrialization and formalization of Human capital of Enterprises . India has only 25 % of Formal employment . Now total workforce of India is around 60 crore . Only 15 crore Indians are formally into jobs . Remaining 45 crores are employed but have a huge Wage problem . Lastly , our youth is scrubbing between 4 issues - Lack of opportunities , Lack of Suitable opportunities , lack of Employment and lack of suitable employment .
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