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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (14768)	11/3/2004 3:43:39 PM
From: RealMuLan	Read Replies (2) \| Respond to of 116555

Productivity and employment--the Indian case-- "Sundram's radiator cap assembly line, for example, employs just 33 workers, the same number as a decade ago, even though production has more than doubled to 8.5 million caps per year, said the plant manager, R. Premkumar. Many manufacturers have actually been shedding jobs as they scramble to compete globally following the government's decision to lower trade barriers in the early 1990s. "Even if we go up to 30 million [radiator caps], we don't have any plans to expand the human force," said Premkumar, 53, who has worked for Sundram since 1983. "It's because of automation." Notwithstanding the recent growth in industrial output, manufacturing companies in India employ just 7 million people, a tiny share of the country's estimated 406 million workers, according to the World Bank." washingtonpost.com