Employment: Growth, Informalisation and Other Issues
Manipur Board · Class 11 · Economics
Quick revision notes for Employment: Growth, Informalisation and Other Issues — Manipur Board Class 11 Economics. Key concepts, formulas, and definitions for last-minute revision.
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Key Topics to Revise
Basic Concepts of Employment
- Economic activities are those that contribute to the Gross National Product (GDP)
- All persons engaged in economic activities are considered workers, regardless of their capacity or payment status
- Workers include self-employed individuals, not just those paid by employers
Classification of Workers by Status
- Self-employed: Workers who own and operate enterprises (57% of workforce)
- Regular salaried employees: Workers engaged by enterprises with regular wages (21% of workforce)
- Casual wage labourers: Workers casually engaged with irregular employment (22% of workforce)
Sectoral Distribution of Workforce
- Primary sector (Agriculture, Mining): 46.1% of workforce in 2022-23
- Secondary sector (Manufacturing, Construction): 24.9% of workforce
- Tertiary/Service sector: 29.0% of workforce
Employment Growth and GDP
- During 1950-2010, GDP growth was consistently higher than employment growth
- Employment growth rate has not exceeded 2% in most periods
- Late 1990s witnessed declining employment growth despite GDP growth
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