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Know nots today June 6, 2007

Posted by Sharath Rao in America, economics, india.
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I did not know any of these !

1. India is not among the most unequal countries in the world as our Indian socialists sometime like to remind us. Here is the map – one way to measure income inequality. ( lower the value, the more equal the society is ). Ofcourse, what matters is where we are heading and not just where we are.

2. Why do buttons on drive-in ATMs have braille dots when the blind don’t drive. A possible answer here:

Why do the keypad buttons on drive-up cash machines have Braille dots? It is an interesting question, since the patrons of these machines are almost always drivers, none of whom are blind. The answer, according to my former student Bill Tjoa, is that because A.T.M. producers make keypads with Braille dots for their walk-up machines anyway, it is cheaper to make all machines the same way. The alternative, after all, would be to hold two separate inventories and make sure that each machine went to the right destination. If the Braille dots caused trouble for sighted users, the extra expense might be justified. But they do not.

At the same link, find the answer to this really interesting question :

Why do brides often spend thousands of dollars on wedding dresses they will never wear again, while grooms often rent cheap tuxedos, even though they will attend many formal social events in the future? (Not quite entirely relevant in the Indian context though.)

3. Government jobs in India

The first and most unsurprising response was related to overall preference for a government job…

Government jobs are preferred on a range of criteria: post-retirement benefits (97 per cent), job security (97 per cent), health care benefits (81 per cent), conducive working hours (83 per cent), and higher incomes (58 per cent). Moreover, even in the non-tangibles many consider government jobs to be better: greater job satisfaction (89 per cent), and more respectable (92 per cent). Almost 97 per cent of the respondents preferred a government job to a private one.

From here. There is an India then beyond all the upper middle class doctors, media folks and software engineers for whom the government job is only next to employment.

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