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Hiral Jain
CA inter • 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!
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