whst is salaries for skilled workers rising
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The economic transformation of India is one of the great business stories of our time. As stifling government regulations have been lifted, entrepreneurship has flourished, and the country has become a high-powered center for information technology and pharmaceuticals.
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Technological advancement increases the demand for skilled workers.
- During the post industrial revolution time, there was a demand for skilled workers to produce the machines.
- Later, modern technologies evolved and it paved the way for more skilled labourers.
- Now-a-days, the demand for professionals is reduced because they do not possess the right industrial skills whereas technical workers possess skills which are required for the industrial needs.
- The demand for skillful workers has increased the salary. They possess both technical and practical knowledge which is used both for application and solutions.
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