Few days back an interesting report came from R.B.I, i.e. employees of public sector banks getting higher salary than their private sector counterparts for the last two quarters at least. It raised many eyebrows, there is two divisions while describing the facts; few thinks that they are over paid while others think that private sector is less paid. If we look deep in who is supporting which argument I found a interesting statistics - while top ranked employees in private banks supports the over paid theory but if you go down on basis of salary in those banks you will find fewer and fewer supporter; while the case in public banks are just opposite! So the question arises which one is correct, I guess both they are, while top honchos in private bank gets better packages than their counterparts while the case is just opposite lower down the pyramid.
It raised a question in my mind, while the public banks in India still holds the socialist structure, private banks are more modern and depicts the concept of capitalist economy. If we take this sector as the sample of capitalist economy than isn't it suggest that this structure leads us to that so called society here ' Rich became more Rich and poor becomes Poorer' ! or is this only a case of developing economy where sometimes exploitation takes over the courses of general economic movement?
It raised a question in my mind, while the public banks in India still holds the socialist structure, private banks are more modern and depicts the concept of capitalist economy. If we take this sector as the sample of capitalist economy than isn't it suggest that this structure leads us to that so called society here ' Rich became more Rich and poor becomes Poorer' ! or is this only a case of developing economy where sometimes exploitation takes over the courses of general economic movement?
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