Back
Hiral Jain
Content writer • 1y
In my opinion, we lack both Let's take the example of engineering There are many people who do engineering the number is huge But only a small proportion of them graduate from worthy colleges Therefore the others are either underpaid or unemployed And there is a theory in economics that speaks about it I'll explain it in simpler words Suppose you are a brand owner who requires 5 employees for the current year But next year you expand your brand so you might need 3 more employees And if the same happens next year A rational person would not hire more people rather he would give an increment to his current employees and make them work a lil extra By this you are able to divide the salary of one person to all other people Therefore, there is even a decline in employment after a few years That's why the highly populated countries like ours need more companies to employ our people!
More like this
Recommendations from Medial
Download the medial app to read full posts, comements and news.