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Question

The process of moving from self-employment and regular salaried employment to casual wage work is known as:

The correct answer is

Casualisation of workforce

Understanding Casualisation of Workforce

The question asks about the process where workers shift from more stable forms of employment, such as self-employment or regular salaried jobs, towards casual wage work. Let's look at the options provided to identify the correct term.

Analyzing the Options

  • Casualisation of workforce: This term refers to an increase in the proportion of the workforce engaged in casual wage work. Casual wage work typically involves irregular employment, often without long-term contracts, benefits, or job security compared to regular salaried employment. A movement *towards* this type of work from more stable forms fits the description of casualisation.
  • Regularisation of casual wage: This term means the opposite process, where casual workers are given more regular or permanent employment status and benefits. This is not the process described in the question.
  • Non-Salaried Force: This is a broad term that might include self-employed individuals, casual workers, and other forms of work that are not regular salaried employment. While casual work falls under this category, the term "Non-Salaried Force" doesn't specifically describe the *process of moving* into casual work from other types.
  • Self-employment Force: This term specifically refers to people who are self-employed. The question describes a movement *away* from self-employment (among other types) towards casual wage work, not a movement towards self-employment.

Identifying the Correct Process

Based on the definitions, the process of moving from self-employment and regular salaried employment to casual wage work directly corresponds to the concept of the increasing prevalence of casual labor, which is known as the casualisation of the workforce.

Therefore, the correct term describing this transition is Casualisation of workforce.

Explanation of Why Other Options are Incorrect

  • Regularisation of casual wage is the reverse process.
  • Non-Salaried Force is too general and does not specify the transition to casual work from other employment types.
  • Self-employment Force refers to a specific employment type, not the shift towards casual work.
Term Description Matches Question?
Casualisation of workforce Increase in proportion of casual wage workers; shift towards casual work. Yes
Regularisation of casual wage Making casual work regular/permanent. No
Non-Salaried Force Broad category of non-salaried workers. No (Doesn't describe the *process of moving* into casual work specifically)
Self-employment Force People engaged in self-employment. No (Question describes moving *away* from this towards casual work)

Revision Table: Understanding Workforce Terms

Employment Type Characteristics
Regular Salaried Employment Fixed salary, job security, benefits (provident fund, leave, etc.), written contract.
Self-employment Working for oneself, running own business, income varies, no employer-employee relationship.
Casual Wage Work Hired on a daily or short-term basis, irregular work, no job security, often no benefits or formal contract.

Additional Information: Trends in Labour Market

The casualisation of the workforce is a significant trend observed in many economies. It can be influenced by various factors:

  • Flexibility sought by employers to manage costs and fluctuating demand.
  • Changes in industry structure and technology.
  • Lack of sufficient opportunities in regular or self-employment sectors.
  • Weakening of labor laws or enforcement.

While it might offer flexibility for some workers, increased casualisation often leads to reduced job security, lower and unstable incomes, and lack of access to social security benefits for a large segment of the workforce.

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Important Questions from Economics and Central Problems of Economy

  1. If the value of Investment Multiplier is 5 and the increased income is ₹ 800 crore in an economy, then find the value of change in the investment in the economy.

  2. Which of the following statements are true?

    (A) Quantitative tools control the extent of money supply by changing the CRR.

    (B) There are two types of open market operations – outright and upright.

    (C) A fall in the bank rate can decrease the money supply.

    (D) Selling of a bond by RBI leads to reduction in quantity of reserves.

    (E) The RBI can influence money supply by changing the rate at which it gives loan to the commercial banks.

    Choose the correct answer from the options given below:

  3. Paradox of Thrift means :

  4. Match List-I with List-II:

    List-IList-II
    (A) Bank Rate(I) Securities are pledged in order to repurchase
    (B) Marginal Standing Facility(II) Minimum rate at which funds are provided for long term
    (C) Repo Rate(III) Also known as Penal Interest Rate
    (D) Reverse Repo Rate(IV) Central Bank borrows funds from commercial banks

    Choose the correct answer from the options given below:

  5. Which of the following is not a function of Central Bank ?

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