DISPARITY IN WAGES: AN OBJECTIVE STUDY ON THE CASUAL LABOURERS IN THE UNORGANIZED SECTOR
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Abstract
Evidently, the unorganized sector is failing to thrive like the organized sector. There are several issues arising, pertaining to major economic damage to the country. It is essential to highlight the problems of these sectors, which are subsequently leading to the decline in the economy and furthermore, hampering the growth of the country. The aim of this paper is to provide a comprehensive analysis on the sector which comprises of a large chunk of the economy in India, the unorganized sector. This sector is largely overlooked upon and many of the fundamental issues of this sector go unaddressed, especially since the past two decades. The paper will explore various aspects of the problem present in the unorganized sector, such as identifying the initiation of the disparity in pay and its contributing factors along with a special emphasis on the gender pay gap, which has been a constant factor, since the inception of the industry itself. Moreover, we shall also elucidate on the existing laws and its fallacies that address the issue of gender pay gap, especially in India. Towards the end, we suggest the implementation of certain solutions, such as the role of Universal Basic Income or the elimination of gender norms to lessen the disparity in the gender wage gap.
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