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Over 58% of blue-collar jobs pay less than Rs 20,000 per month: Report

Business Standard LogoBusiness Standard8h ago

Over 58% of blue-collar jobs pay less than Rs 20,000 per month: Report - Business Standard

Quick Summary:

Majority of blue-collar jobs in India pay within the salary range of Rs 20,000 or less per month, suggesting that a substantial portion of the workforce is grappling with financial strain, struggling to meet essential needs such as housing, healthcare, and education, a report has said.Over 57.63 per cent of blue-collar jobs fall within the salary range of Rs 20,000 or less per month, indicating that many workers earn close to the minimum wage, tech-enabled blue collar recruitment platform WorkIndia said in a report.

In addition, the report revealed that about 29.34 per cent of blue-collar jobs are in the moderate earning bracket, with salaries ranging from Rs 20,000-40,000 per month.

Workers falling under this category, experience marginally improved financial security but are far from achieving a comfortable standard of living, it said.


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Article Details

Category: BusinessFinance

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-17 @ 18:10:10 (8 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 700 words

Reading Time: 4 minutes read

Sentences: 22 lines

Sentence Length: 32 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 22116452

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 139 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 3 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #49

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