Labour welfare and social security in gloobalizing economy

Abstract

Welfare of labor is an important aspect today which we cannot ignore if we want progress of our industry. It
is essential to make safety and other welfare arrangements for labour. Freedom from want and security
against economic fearr is the minimum that has to be secured to its people in the country. The role of
International Labour Organization in certain standards of social insurance has been significant. Social
security is the security that the State furnishes against the risks which an individual of small means cannot,
today, stand up to by himself even in private combination with his fellows. The quest for social security and
freeddom from want and distress has been the con sistent urge of man through the ages. The Government
and the factory owners must fully understand the labor psychology and a change in their outlook and
attitude is desired to secure the industrial peacee. Nothing should be done under threat but on a clear
unnderstanding that whatever is good and is due to the labor, must be given. Industry owners should treat
the workers as co-partners. Similarly, workers in the country must understand fully that if they desire to
secure their due place in the industrial econom y of the country they must think more in terms of respon
sibilities and duties and not interpret independence for impertinence and liberty for license. Sabotage and
violence of all kinds and bitterness in thought, word and deed must be eschewed. Then alone a socialisst
Democracy is possible in this country and inddustrial relations of a higher order can be maintained for the
benefit of the country and the community.