Prime Minister Dr. Manmohan Singh gave a statement that corporates should look at the renumeration they are paying to top management. He also mentioned about the vulgar display of wealth in marriages and parties leading to social unrest. The ideas he speaks off are truly fair but his commitment towards them coming at a time when congress is losing assembly election is questionable. Still since the thought is expressed and the thought is fair, one should analyse it.
if one really looks, one would realise that a labour getting Rs 60/day can never be justified if someone else is being paid in lakhs/month because ratio of their effort can never be so large. only market forces shouldn't drive everything, conscience and fairness should also rule.
marriages in India have always been big affairs but the celebration puts bride's side often in desperate position. though the whole event generates employment, but is very hard on some of the families.
If we are fair and just, we would realise that there is a lot to be changed and just the thought isn't enough, much more needs to be done. Ex: if executives are paid lower in India, they are capable enough to migrate and creating shortages which will put more pressure on the demand-supply curve. The only way out seems to be uniformity of this practices across the globe... but is it possible ?
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