What for ?
For reading my email of yesterday MORNING
What email ?
Law of Unintended Consequences
What was it about ?
In that email, I pointed out that , instead of providing jobs to local citizen, his proposed law will replace / displace them with ROBOTS on the factory floors, all over Karnataka
What makes you think he read your email ?
Yesterday evening , TV channels announced that Shri Siddaramaiahji has ordered a STAY of the Act
[ see > Amid Huge Row, Karnataka Pauses Bill For Reservation In Private Sector Firms ]
What made you think that if the law was enforced, then factory floor Kannadigas will get replaced by Korean Robots ?
Simple. A Robot costs anywhere between Rs 30 lakhs to Rs 40 lakhs
But it replaces 5 workers . And it works 3 shifts of 8 hours each – replacing 15 workers
Now each semi-skilled worker costs Rs 3 lakh per year ( wages + benefits ) . So 15 workers cost Rs 45 lakhs / year
This means , an industrialist can recover the cost of a robot within ONE YEAR
Imagine a PAY-BACK PERIOD of just one year ! - sure way to INCENTIVIZE the industrialists !
Do you see any other “ Consequences “ ( Un-intended ? ) if this draconian law was implemented ?
Yes .
Ø To become popular, this might “ force “ governments of other Indian States to enact similar laws
Ø Every State introducing “ WORK PERMITS “ ( equivalent to US H1-B Visas ) for citizen of other States
Ø Every time I visit Bengaluru , I will need to go through IMMIGRATION , and get my passport endorsed with a TOURIST VISA ( valid for 7 days and available on arrival ). Mercifully , for this, I do not need to prove that I am fluent in Kannada language !
OK . Agree that all of this sounds scary – nightmarish. But what is your suggestion to create a decent / honest “ Source of Living “ for 12 million youth joining our work force EACH YEAR ( year after year ) ?
First :
An honest admission by all the governments that it is just NOT possible to create these many “ Paid Salaried Jobs “ every year. Every time, any govt. advertises ANY jobs, at least 100 candidates apply against ONE vacancy !
Second :
Central Government ( Madam Sitharamanji , please remember to announce this in your Budget Speech on 23rd ), to enact :
Ø A NEW ECONOMIC ORDER ? aka " Start Up Act – 2015 ………………. 12 Sept 2015
With regards,
Hemen Parekh
www.My-Teacher.in / 18 July 2024
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