Acknowledgements

Certificate
index

1) The current job market in India and around the world

2) The Impact of Automation and AI on Employment
3) Gig Economy and Freelancing: The Future of
Work?
4) How is the money value of your work calculated?
5) Globalization and Its Impact on Job Markets
6) Unemployment and Economic Recessions:
Historical Perspectives
7) Some approaches taken by different governments
to tackle the spike in unemployment during
recessions
8) The Role of Education and Training in Labor
Market Outcomes
9) Challenges to employment generation
10) Case study – Chinese Labour Market
Strategies the government can employ to create better
quality of jobs
11) How to improve productivity in jobs
12) Passion jobs
13) Questionnaire
14) Thank you
15) Teachers review
The current job market in India
India may be witnessing a jobless growth. when our economy is doing well but without the
proportional employment generation. This may be caused due to the high focus on the service
sector, due to which more are moving towards the informal sector and unskilled self employment

Even for the employed, the possibilities of growth within their fields through promotions and
other perks looks bleaker due to a pause in the real wage growth

If we look at China’s growth story – they initially focused on industrial and secondary sector
jobs and then transitioned to the service sector however India seems to have skipped the
secondary sector (industrial phase) in favor of the service industry therefore China has fewer
cases of unemployment amongst the highly skilled and educated workforce

Some Statistics on the job market - As per Statista and goi data

 The current unemployment data as per the government is quite low at 5%

 The self employment rate amongst the labour force is a whopping 60% -
Self employed doesn’t only mean being an entrepreneur – it can also mean running a
small roadside shop that is owned by the family

This form of employment if not regulated can lead to severe loss of productivity amongst
the youth
  Labour productivity is only at 3% due to underemployment and other factors like the
pandemic and low efficiency of the workforce
 the city with the highest employability rate is not Mumbai, Delhi or Bangalore but Pune
ie if your living in Pune you have the highest chance of finding a job
 Agriculture still takes up around 50% of India’s working population
 Women make up only about 20% of formal sector employment and 40% of informal

1) The continued preference and search for the diminishing government jobs -

Why do people prefer government jobs in India? (we often see lakhs of people turn up for a
few hundred roles of low skilled jobs like peons in the government railways)
this could be due to several benefits like job security, lower stress, higher social status due to
working for the government

an image of a job mela offering fewer than 250 job positions attracting much more than the
necessary number of aspirants

2) The reason for underemployment and lower productivity of workforce in India -

Farming ( primary ) sector is a big labour and brain drain, underemployment commonly
found in jobs of the unskilled has caused a Mis match between skills possessed and skills
needed

How to tackle it?

The government must ensure increased spending in education especially secondary higher
education to prevent India’s semi-skilled workforce from entering their families tradional job
roles like farming

Global job market trends

The shift of jobs especially manufacturing and service jobs from the developed countries to the
developing ones has created tensions and forced many richer countries to take protective trade
measures. This may be a threat to employability in many countries dependent on exports

In more skilled fields there are shortage of workers whereas the low skill requirement jobs have
an excess of labour… it is the governments job to balance this by upskilling their citizens

Green technologies and the shift from traditional to modern industries will negatively impact
those resistant to change and those sticking to the sinking ship industries like coal, petroleum
and other repetitive and mechanical jobs will suffer whereas solar installations, engineers, etc
with a more dynamic work environment will flourish )

the value of a worker/employed individual will certainly increase many folds due to their
specializations in certain fields… currently employs are replaceable because they aren’t
specialized

Worker’s expectations - the stir for better pay, safe working conditions and other benefits will
intensify in the future and employers will be forced to treat their workers better
Impact of automation and ai
on the jobs
Contrary to popular beliefs ai will not and cannot replace all the jobs in the world… think of
how automation improved the quality of jobs instead of reducing the number of jobs

in the early 1800’s and before when over 90% of the population worked in agricultural
fields - there was rampant disease, low standard of living and several other problems
faced by the population and the economy.

With change occurring and the switch to industrialization and the advent of factories –
there certainly job losses in the agricultural sector and bad working conditions in the
factories however several other fields opened due to more free time in hand up which
resulted in advances in technology and medicine

The current shift service sector has seen an improvement in job safety and work
environment has resulted in advances in literature, culture and music

The advent of ai will further add quality to our lives opening it up to our passions and self-
discovery… no longer will most our lives be taken up working for others in repetitive and boring
tasks instead we will further see a shift towards the arts and people working for their own
passion where the quality of work factor taking up more importance than the quantity of it

Therefore we can draw the inference that whenever technology advances so does the number and
quality of jobs

Those who harness these changes and incorporate them are going to prosper… those who
resist and push back wont …there will be a need for massive reskilling of the populous

We will see job losses in repetitive and labourous industries like cost accountants, factory
workers, transcriptionists, retail etc.

Instead a rise in jobs which need higher skills and are more dynamic in nature –
management and consultancy, audit, science, music, marketing, etc.

The progress of innovation will accelerate due to more free time amongst the populous
Gig economy and freelancing-
challenges faced by the
everyday workers
Is it the future of work?

As employing full time can be an extensive labyrinth of paper work for companies and the employers
many feel that we may see a massive shift towards the freelancing and contractual work environments

As employees to are trending away from the traditional fixed employment is favor of a more flexible
work schedule, they must be made aware on the advantages and disadvantages of doing so

This trend has accelerated in the recent years, the number of freelancers in the formal and skilled jobs is
quickly catching up to the number of company registered employees and the number of casual labourers
in the service industry such as transportation, delivery, etc are already much more than their
counterparts in standard shifts

Younger generations are increasingly drawn to non-traditional work setups, seeking

autonomy and work-life balance. As a result, the labor market is diversifying beyond the
conventional 9-to-5 grind.

Gig workers, such as truckers, ride-share drivers, delivery personnel, freelancers, and other
independent contractors, face a variety of challenges that can affect their job stability, financial
security, and overall well-being. Here are some key challenges they encounter:
Lack of Job Security

- Irregular Income: Gig workers often face fluctuating earnings due to the inconsistent nature of
gig work. There are no guaranteed hours or pay.

Example – according to a survey conducted by vox news agency – many truck drivers in the usa
are earning over 200 k per annum… which is a dream salary for many however after deducting
fuel expenses and other expenses they were left with lesser $20k which is way lower than even
the minimum wage

- No Employment Protections: Unlike traditional employees, gig workers are not protected by
labor laws that guarantee minimum wage, overtime pay, or unemployment benefits.

Even in India very few employers reimburse their contractual delivery partners with their fuel
costs or health insurance for injuries during work

Lack of Benefits

- No Health Insurance: Most gig workers do not receive employer-sponsored health insurance,
( even for work related health expense) leaving them to find and fund their own plans, which can
be costly.

- No Retirement Benefits: Without access to employer-sponsored retirement plans, gig workers

must save for retirement on their own, often with limited financial guidance or resources.
Which mean no provident fund, pension scheme, etc.

- No Paid Leave Gig workers typically do not have access to paid sick leave, vacation days, or
parental leave.

Workplace Safety and Health

-High Risk of Injury Many gig jobs, such as trucking or delivery services, involve physical labor
and long hours, increasing the risk of accidents and injuries.

- Lack of Workers' Compensation: If a gig worker is injured on the job, they are often not
covered by workers' compensation insurance, making recovery periods financially burdensome.

. Uncertain Legal Status

- Classification Issues: Many gig workers are classified as independent contractors, which can
exclude them from many legal protections and benefits afforded to employees. There is ongoing
legal debate and varying regulations regarding this classification
Financial Instability

- Expense Management: Gig workers often bear the costs of equipment, maintenance, and other
work-related expenses. For example, truckers may need to pay for fuel, repairs, and insurance.

-Inconsistent Work Opportunities: Demand for gig work can vary, leading to periods of high
earnings followed by times with little to no income

Isolation and Lack of Support

- Social Isolation: Gig work, especially for long-haul truckers or remote freelancers, can be
solitary, leading to feelings of isolation and lack of community.

- Lack of Career Development: Gig workers often have limited access to professional
development opportunities, making it difficult to advance their careers.

Technology Dependency

- Algorithmic Control: Many gig workers rely on platforms that use algorithms to assign jobs
and determine pay. This can result in a lack of transparency and control over their work.

- Data Privacy Concerns: the more skilled it sector Gig workers may have concerns about how
their personal data is used and protected by the platforms they work for.

Regulatory and Tax Issues

- Complex Tax Obligations Gig workers must manage their own tax filings, which can be
complex and challenging without employer withholding or benefits.

- Regulatory Compliance Navigating various local, state, and federal regulations can be difficult,
especially as laws continue to evolve around gig work.

Impact of Economic Downturns

- Vulnerability to Market Fluctuations: Gig workers are particularly vulnerable to economic

downturns, as demand for gig services can drop sharply during recessions or crises.

Addressing These Challenges

Since many believe the future of work is freelancing and not sticking to a single company we
must take steps to improve the workers rights and secure our future in this industry

Efforts to improve the situation for gig workers can include:

- Policy changes to provide better protections and benefits for gig workers.

There was a bill introduced in Rajasthan where gig workers will receive improved job security
and benefits like a monthly wage, coverage of insurance and other conveniences

- Unionization or collective bargaining to secure better working conditions and pay.

In amazon, the warehouse and the delivery workers have unionized demanding for better
treatment and working conditions

- Platform reforms to increase transparency and fairness in job assignment and compensation.

Example – namma yatri in Bengaluru is a platform that prioritizes the welfare of the auto driver.
It is an app made solely for them without a profit motive

- Educational resources to help gig workers manage finances and taxes effectively.

Understanding and addressing these challenges is crucial for ensuring that gig workers can
achieve a stable and sustainable livelihood.
Historical perspectives of
unemployment
1. The Great Recession (Late 2007 - Mid-2009):
o Context: The Great Recession was triggered by the global financial crisis
and had far-reaching effects on the US economy.
o Employment Impact:
 Job losses were significant across the world especially in the
banking and finance sectors but interestingly, the burden shifted
from men to women during this recession. Who are classified as
vulnerable groups in employment
 White workers fared better than other racial and ethnic groups.
 Less educated workers experienced modestly worse outcomes
compared to more educated groups.
o Long-Term Effects: The Great Recession left scars, affecting not only
immediate employment but also long-term economic security for many 1.
2. COVID-19 Pandemic Lockdown (2020):
o Context: The pandemic-induced lockdowns led to a sudden and severe
economic downturn.

Employment Impact:

 Women bore the brunt of job losses during this period as they had
to revert to their traditional gender roles due to issues in the family
 Minorities and economically backward sections were hit especially
hard.
 Less educated workers suffered significantly worse employment
consequences than their more educated counterparts.
o Long-Term Implications: The pandemic’s effects on employment are
likely to reverberate for years, affecting income inequality and social well-
being1.

Unemployment and Wage Dynamics

1. Wage Growth Post-Recessions:
o Following recessions, wage and labor cost growth tends to decline. This
phenomenon reflects the challenges faced by workers in securing higher
pay after periods of economic contraction2.
o Economies become especially vulnerable to stagflation , this negatively
impacts real wage growth
2. Long-Term Earnings Losses:
o Even when workers find new jobs after a recession, their earnings may not
fully recover.
o A case study during the Great Recession found that many workers who
lost their jobs experienced lasting earnings losses. These losses persisted
even after reemployment.
o This can create a visious cycle trapping a person is perpetual cycles of
poverty
 o The impact was particularly pronounced for workers who faced prolonged
unemployment or had to accept lower-paying jobs 3.

The Unemployment-Recession Link

1. Cyclical Unemployment and Recessions:
o Interestingly, just before a recession materializes, unemployment has
often been recorded reaching a cyclical low point. It’s almost like the calm
before the storm.

This could be seen in the 2008 crisis when the stock markets were at an
all time high and consumer spending was at its peak constantly creating
employment oppurtunities directly and indirectly

o This trend highlights the interconnectedness of economic cycles and

employment dynamics. When unemployment is low, it can be a warning
sign of an impending downturn4.

Policy Implications
1. Social Safety Nets:
o Effective safety nets are crucial during recessions to mitigate the impact
on vulnerable populations.
o Policies that provide unemployment benefits, job training, and support for
displaced workers can help stabilize employment outcomes.
2. Investment in Education and Reskilling:
o Focusing on education and skills development ensures that workers
remain adaptable in changing labor markets.
o Upskilling and reskilling programs can enhance employability and reduce
the severity of employment shocks.

Eg - during covid employees had to adjust to the realities of online work

environments and manage the stress associated with it

What are the approaches taken the different

governments to deal with the issue
1. Fiscal and Monetary Policies:
o Fiscal Policies: Governments often use fiscal policies to counteract the
negative effects of recessions. These policies involve government
spending and taxation.

A right wing conservative government may resort to tax cuts

whereas the left wing and a liberal government may resort to
borrowing for increased spending on social security and
infrastructure to bail out and lift the economy back up
  Tax Cuts: During downturns, governments may introduce tax cuts
to stimulate consumer spending. When people pay less in taxes,
they have more disposable income, which can boost demand for
goods and services.
 Infrastructure Programs: Investing in infrastructure—such as
building roads, railways, and public facilities—creates jobs and
stimulates economic activity. These projects not only address
unemployment but also enhance a country’s long-term
productivity1.
o Monetary Policies: Central banks play a crucial role in managing
recessions through monetary policies.
 Interest Rate Reduction: Central banks lower interest rates to
encourage borrowing and investment. When borrowing costs
decrease, businesses are more likely to expand and hire.
 Quantitative Easing: Central banks may also engage in
quantitative easing (buying financial assets like government bonds)
to inject liquidity into the economy.

The Japanese economy and central bank have become

infamous for repeatedly using these methods in the past to
keep the check on inflation and the price of the yen

 Forward Guidance: Communicating future policy intentions helps

stabilize expectations and influences economic behaviour.
2. Social Safety Nets:
o Countries with robust social safety nets provide prompt, automatic aid to
those most affected by unemployment during recessions.
o Programs like unemployment benefits, job training, and income support
help individuals weather the storm. These safety nets prevent extreme
hardship and maintain consumer spending.
3. Labour Market Policies:
o Active Labour Market Policies: These focus on helping unemployed
individuals find new jobs. Examples include job placement services,
vocational training, and career counselling.
o Passive Labour Market Policies: These provide financial support
directly to the unemployed. Unemployment insurance falls into this
category.
4. Youth Employment Initiatives:
o Youth unemployment tends to rise during recessions. As companies cut
back on the number of interns to save costs. Countries can implement
targeted programs to address this issue.
o Internships, apprenticeships, and subsidized employment opportunities
help young people gain work experience and transition into stable jobs.
5. Sector-Specific Measures:
o Some countries tailor their responses based on the most affected sectors.
For instance:
 when a recession is hitting manufacturing, policies might focus on
retraining workers for other industries.
 In a services-driven recession (like during the pandemic), support
for hospitality, tourism, and retail workers becomes crucial.
6. Flexible Labour Laws:
 o Countries with flexible labour laws can adapt more swiftly during
economic downturns. This flexibility allows for adjustments in working
hours, temporary contracts, and remote work arrangements.
7. International Cooperation:
o During global recessions, coordination among countries becomes
essential. Trade policies, exchange rates, and joint efforts to stabilize
financial markets all play a role.

How is the money value of a

job calculated?
Have you ever wondered why you a fixed salary for the huge amounts of work you put in? who
decides these?
Why do the people making the product ( textile, factory workers) make less than the others
( marketing and sales, CEO, consumer support etc )

the ones who actually manufacture the goods

the ones who end up profiteering from these

goods manufactured by others

It all boils down to replicability …Because even though many aspire to become or earn as much
as the top level managers, marketing, sales etc… their skill prevents their aspirations from
turning into competition to the more skilled workers..

There is more competition for the lower skilled jobs and hence the ordinary workers are
replaceable and unimportant to the company as a whole

The sales, developers, finance department related jobs are more lucrative, dynamic and essential
for overall functioning even though they do not create the main product for selling

Jobs and their perks to are supply and demand based

Therefore we can conclude that a company assesses your job value by employing factors like –
 1) No. of hours put in
2) The nature of your job

Is your job replaceable ? i.e. is there a lot of competition in your field ( are there people willing
to work more for less pay?

3) Your education level.

4) The companies return on investment for employing you

how to create more jobs

the government should invest more in the Progressive and job generating sectors investment like
renewable energy, IT, tourism etc.

Coal mining, petroleum drilling, unskilled lower end goods manufacturing are dead or dying
industries that have either become obsolete or replaceable therefore they will be a drain on the
resources of the country and not yield results ( increased employment and quality of life)

Support msmes and the service sector as they provide for more high skilled jobs and gdp growth
than large companies that may end up creating a monopoly and unfairly treat their workers in the
future
Smaller companies can also be legislated easier by the government as they do not resist and push
back policies

Better curriculum should be taught in schools - digital literacy, vocational skills, soft skills
( communication , logical reasoning, disaster management , critical thinking skills, problem
solving ) and entrepreneurial mindset should be promoted

Reduce red tape and other regulations , simplify codes for more businesses to expand and thus
encouraging companies to expand and employee more people

Infrastructure upgrade, inclusivity and accessibility –there is no use of building good roads when
the toll so high most cant afford and use it or roads that lead to nowhere in particular

Necessary to bring down the cost of transport and internet to facilitate more exchange in ideas
goods thus reducing barrier to enter the market

Empower minorities and women to enter the workforce for self-reliance and maximizing the
growth of the economy and minimizing under and unemployment. This will also increase the
productivity of the economy

Foster entrepreneurship spirit in the populous

Enhance safety nets to support risk taking

Paid Apprenticeship programs for the youth to educate themselves and gain experience on the
types of jobs in the field they have chosen… it increases their knowledge of the job thus making
them more competitive and efficient

Inclusive growth – accommodating for all sections of society to be included in the growth story
of the nation by not having high barriers to entry in the job market and not having discriminatory
policies in place

Improving credit access (steps should be taken to not let it spiral into a debt crisis as that will
reverse all progress made in increasing employment)
How big a role does educational
qualification play in the ability
to find a job
it’s well-known that the unemployment rate is negatively
correlated with educational attainment: The more educated
the workforce, the lower the unemployment rate
back in our parents days just a high school diploma ( 10 th or
12th pass certificate ) would have been the golden ticket to a
prosperous life with a stable job
But fast-forward to today’s interconnected, digitized world, and the bar has been hoisted sky-high.
Employers now crave candidates who not only wield specialized skills but also possess a deep
understanding of the world around them. Think of it as a quest for the mythical “unicorn” employee—
one who can code, communicate, and maybe even brew a decent cup of coffee

Why the shift?

Well, artificial intelligence and machine learning have been busy automating traditional jobs, like
diligent little worker bees. Meanwhile, new roles sprout up like dandelions after a spring rain,
demanding higher education and tech-savviness. So, education isn’t just a ticket; it’s the backstage pass
to the concert of relevance

With technology everchanging it is up to the employee to always be adapting and changing to the
necessity
Challenges to job creation
businesses cant employee more people even if they want too because they want to maximize
short term profits instead of investing in and development and employee upskilling research

there are regulatory and policy barriers to hiring… the strict labour codes and laws make it hard
for a company to quickly hire an employee this disincentivizes them from hiring as it’s a tedious
expensive and a time consuming process with a lot of legal formalities to complete

other barriers to increased hiring include

the constant growth of the population – there simply isn’t enough jobs to go around for everyone
in the same field… well need diversification of the workforces abilities

the lack of capital with the government or the companies to employee so many people and
provide for their employment benefits

the lack of skillset amongst the populous – either there’s a lack of jobs for the skilled labour
force or there is an excess of competition for the unskilled labour force… it is up to the
government to properly upskill the people to balance the industry needs
lack of infrastructure make investment in a certain region not feasible for a company and thus
creates an economic void

informal sector and the issue of underemployment are issues that will have to be tackled in the
long term

Globalization and its impact

Outsourcing of manufacturing and low skilled service sector jobs to the developing countries
helped create jobs and uplift the poor countries and reduced prices of commodities in rich
countries. Even companies could greatly enhance their profit margins

Therefore it was a win win for all parties

Increased interdependence, collaboration and integration of different cultures and economies

Many far away jobs now possible either from improved technology or transport ( Estonia has
digital nomad visas, UAE has similar incentives to attract skilled jobs

The global economy is on the upswing currently this increases the incomes of the people. when
people have more cash they spend it creating more jobs and thus starting a virtuous cycle

Exposure to global partners and colleagues makes people more inclusive and open minded

The transfer of technology has helped improve living standards globally especially in health and
allied sectors

However Brain drain is a problem seen in developing countries like India, the HNI and highly
educated people leaving the country in search of better opportunities and living conditions – this
negatively impacts innovation and gdp growth of our country
Wage inequality – corporations often take advantage of lax labour codes and desperation of the
impoverished people in poorer countries to pay them less and not provide for a safe work
environment . this has created several human rights issues around the world

Many countries now to preserve jobs and cater to local political demands are taking a more
conservative and protectionist approach towards globalization. This will reduce employment
generations world around, slow down the progress of innovation and increase conflicts in the
global markets

Case study - Chinese labour

market
Imperial China after having a long war with Japan had to then endure many grueling years of
civil war which h was fought between the capitalists and the communists… the communists
emerged victorious and sought to rebuild the country through the great leap forward initiative

Big industries manufactured capital intensive goods instead of labour intensive consumer goods
Due to the lack of capital and the excess of labour many economists today believe that the
planning was inadequate to take into the needs of the labour market

the Great leap forward and Mao Zedong’s communist approach to job generation began in 1958
and aimed at an industry driven approach to growth and employment instead of the capitalists
service based approach

land reforms and redistribution from the landlords to the peasants caused the fragmentation of
land… although this increased the possibilities for self employment, labour and land productivity
took a severe hit

State sponsored jobs in factories too were lacking productivity - there was once a job to count the
number of screws in a factory!

Even though this system was severely inefficient – they believed that once a person was
employed he will seek education for himself and his family, thus starting a virtuous cycle

This was known as the bitter decade that caused several human rights abuses, famines, forced
collectivization and backyard steel furnaces to deal with the ambitious and unrealistic targets set
by the regime

Den Xiaoping recognized the inefficiencies and flaws in Mao’s misguided approach and opened
up the economy and allowed American companies to invest and encourage FDI

This was known as socialism with realistic Chinese characteristics, central planning was ended
and federalism was given a big boost by distributing powers to the local government… market
forces were also allowed to control the economy
High quality jobs that boosted the economy and living standard

When economies expand ppl spend more, spending drives up demand therefore for supply to
catch up more investment and jobs are created… this starts a virtuous cycle

Better economy = more and better jobs

Developed countries have a shift in job types from less tech intensive to more tech intensive..,
they are characterized by more innovation and upskilling

Emerging economies however have job creation when ppl are added into a labour force and not
shifted around within it

Stability spurs job growth

Need to reduce disparity

Today China is a leading world economy that is pioneering technological advancements and
improvements in living standards. They are also extending their prosperity across the globe
through projects like the belt and road initiative

 Like a seasoned chess player, China is strategizing for the future. It grapples with
an aging population and a decreasing working-age cohort. As more people retire,
the challenge lies in maintaining a productive workforce.

However most of the high skilled jobs are centered around the SEZs near the coast. This is
causing mass migration from the country side to the coast and putting a lot of burden on the local
infrastructure and environment

Improving productivity
can counter intuitive options like increasing wages and lowering working hours actually help?

A pew survey conducted in 30 countries with 50000+ respondents found that the most favorable
and cost efficient way to improving productivity in the workplace is by simply cutting down the
number of meetings and conferences
Case study of Norway.

They reduced 5 day workweek to a 4 day workweek with the daily work hours remaining
constant at 8 hours

This policy is now being implemented across several liberal eu economies and some American
states. Data shows significant increase in productivity and public spending. People are more
happier and satisfied with their jobs

Even companies like this! – google introduced a pilot program to test it in their workforce . it
was a resounding success that was supported by many of their workers
How bad will a 70 hour work week be?

It will lead to Exhaustion, burnout, mental and physical health issues and several psycological
consumer issues that may ground the global economy by people reducing spending due to falling
employee satisfaction

We may see more sick leaves and the whole system will end up being counterproductive
reducing the overall productivity of the workforce

In 2022, the labor productivity growth rate in India was 2.53% percent. This was a decrease from
growth rate recorded in 2020. Labor productivity measures hourly output of a country's
economy, and its growth is based on human capital, saving and investing in physical capital and
the use of new technology

The average german worker provides for around $70 of monetary value per hour of work
Average American - $28
Average Indian – only $9
This mean that the average german worker is much more productive and valuable compared to
the average Indian worker due to their skills and education

Labour productivity of India started taking a hit even before the pandemic
Passion jobs
Is it feasible for the long run?

Carrer in music? Art? Literature? Or as a scientist? Or as a sportsperson? You may be loving

your job in such careers the level of risk can be significantly higher

Today were witnessing a shift in the nature of jobs, as mechanical jobs are getting taken over by
machines and ai were turning towards more dynamic jobs

Today it is quite feasible to make a living infact even make a lot of money from pursuing your
passion. Were seeing a whole new concept of passionaries or passionpreneurs where people
choose the field their interested in or want to make a difference in

The power of branding and the impression others have of your results can make or break your
career, the pressure to network and market your skill is even higher than having a normal job or a
gig… for many such jobs can be stressful or hard

Example – a politician may really want to change the way their nation functions however there is
no fixed way to achieve his goal. He will have to put in a lot more hard work into connecting
with the grassroots and conveying his ideas.

Same goes for a musician. Compared to a job the beginning stage of pursuing the passion is very
hard however later on the hard work really pays off

People in these sectors are often surveyed to have higher feelings of anxiety for their financial
condition and are the first to the take the hit in case of financial instability

The online presence can attract ad revenue and other sponsorship deals from big companies - eg
influencers in Facebook, Instagram and Youtube can make it big with views and ad money
Views to earning ratio can differ with different platforms and come with several riders attached
to it

Example – Tiktok in the USA and Europe has been accused of underpaying its creators. The
issue arose when despite the incorporation of ads and paid subscriptions, the content creators
were not getting their due pay from Tiktok or the advertisers

Youtube in India is more transparent allowing the content creators to get their right to
information with a dedicated website for online footprint tracking (creators can check several
stats on this website including the number of views and the money they can collect from
 advertisements

Certainly! Youtube’s Creator Fund is an initiative designed to support content creators by

financially rewarding their efforts on the platform. Here are the key points about the Creator
Fund:

1. Eligibility:
o To join the Creator Fund, creators need at least 100,000 authentic video views in the
last 30 days1.
o Previously called the Creator Fund, youtube has now introduced an improved fund
known as the Creativity Program.

2. Monetization Opportunities:
o The Creator Fund provides eligible creators with additional ways to earn money based
on their content’s performance.
o Creators can receive financial rewards directly from youtuber for their engaging videos.

3. Requirements for the Creativity Program:

o To apply for the Creativity Program, creators must have:
 At least 10,000 followers.
 At least 100,000 video views in the last 30 days2.

4. How It Works:
 o Creators receive payments based on their video views and engagement.
o The more views and interaction a video gets, the higher the potential earnings.

5. Pros and Cons:

o Pros: It provides an additional income stream for creators and encourages them to
produce high-quality content.
o Cons: Some creators find that the payouts are not always substantial, especially for
smaller accounts.

In summary, YouTube Creator Fund aims to reward content creators for their contributions to the
platform, fostering a vibrant community of engaging videos! 🎥💰

Until you hit the 4000 subscriber threshold youtube can put adverts on your account without
paying you

QUESTIONAIRE

https://forms.office.com/Pages/ResponsePage.aspx?id=9K3mQXlZPUiiNG9D-
00w6PJ00n2f_F9GipgxdD3tqOZURVlMNTVLM1ZUOTFSOFk3NkE5R0hNUFdXSi4u

Bibliography -
Statista.com surveys on employment and their inferences
Wikipedia.org

Government of India publications

Niti Ayog- job report

World economic forum

The economic times

Financial times

Wall street journal

Sbi.com/web – picture

Business today

Asian studies.com

The Smithsonian

some images were AI generated

](https://www.brookings.edu/research/the-long-term-effects-of-the-great-recession-on-
the-earnings