May Day of 2017, which was celebrated yesterday all over the world by the working class was perhaps, the gloomiest in our recent history. Apart from the good news that the economy would likely exit recession later this year, the catalogue of woes reflected in the banners and placards at the rallies of the Labour unions seemed longer than usual.
The recession has wreaked widespread havoc in the lives of workers in the past two years. Unemployment was exacerbated by large-scale retrenchments, with the banks, factories and the construction sub-sectors being the most hard-hit. Most employers of labour, both in the private and public sectors, owe their workers for many months, while some resorted to pay cuts just to remain afloat.
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