Showing posts with label Economics. Show all posts
Showing posts with label Economics. Show all posts

Wednesday, 7 May 2014

Why the bias?

     Sometimes when we delve deeper into even the most normal daily event, we are left intrigued by the intricacies of it. Since times immemorial, I have always been a ‘public transport’ aficionado. Hence, when it was time to traverse distance between distance between my office and home, I chose to avail the services of ‘shared autos’. Shared autos because ‘special autos’ have the maximum potential of forcing one to use the expression I-am-broke frequently.

   Just another day, I took an auto to the office. Since it was a shared auto, the driver was halting his vehicle after every minute in order to find passengers for his trip. After failed attempts to convince passengers to travel in his auto, he finally found two prospective passengers, a girl and a boy. After confirming their destination, the driver announced the amount he was to charge both of them for their journey. But, both the girl who was holding a red and white box of Domino’s pizza and the boy didn’t seem happy. You ask why?

Because they were of the opinion that the driver was charging them ‘too much’ for their 'only'10-km journey! While the auto wallah after intense negotiation came down to 15 rupees from 20 rupees, they wanted to pay only 10 rupees. Even after the driver kept convincing them that he wasn’t overcharging, they refused to agree. And owing to their disappointment with the driver due to 5 rupee margin, they left.

I am sure this is a story relate-able to many of us. On one side sometimes we can happily buy a pizza which ranges from anywhere between 300-700, on the other side we simply refuse to pay that extra remuneration to a needy daily wager whose whole family might depend on him for survival which it rightly deserves. I ask why such an indifferent attitude? Why the bias?

Because it’s only about an ordinary daily wager!

Because unlike Dominos (or any other brand), its prices are bargain-able!

Because helping a brand economically >>> doing your bit to improve the living standard!

In a lecture few years back while studying the economic disparities in the developing countries, my professor had raised similar issue. She rightly pointed that when we do not hesitate to spend money on high-end brands which we know are many a time overpriced, we should in the same manner not hesitate to pay if not extra, then justified amount to these auto wallahs and rickshaw wallahs. Some might argue that how can a little extra remuneration benefit this community. But I am sure that even an individual can make a significant difference to the lives of these people who value even a rupee. We should try our best to remove this bias and side by side contribute in bridging the economic gap.


Wednesday, 2 April 2014

Just the Straight line

   Last time I updated the blog was literally light years ago. But then wait! to my rescue is a detailed list of excuses. Blame it on the busy academic schedule, assignments and more assignments, either there wasn't any time and when the time waited for me, motivation was absent. Doesn't that happen with most of us? You see, we humans have a strange relationship with Marginal Utility of goods and services available at our disposal. If I were to draw that curve, it would be exactly as drawn below;


THE curve exactly describes my love and hate relationship for 'salty blog'. Initially the motivation was phenomenal. Almost everyday, I tried to update it. But , then came the stagnation phase at the top of the curve and as a result, first my constant surveying the blog faded and later my writing succumbed and I fashionably diagnosed my condition as the deadly 'block'. Sad na! No, the story doesn't end there. Some of my friends and even the audience tried to persuade me to write regularly. It did help. I wrote one or two posts after that but it was not for too long. The downward phase of the curve began.

Relatively, in place of blogs we (have and still do) replace many things/people (Yes, people!) in our own lives. After a point of time, we tend to move on and leave behind our once-close partners of life. Some days later we may/may not realize their significance. Cliche, but till then usually we have lost them. 

I am really glad that I reunited with my blog today. And no, you salty blog we aren't breaking up any soon. I can't afford you see. ELECTIONS are approaching. And that means my venting out frustration and happiness. Also, how can I forget. Its Sub-Continent Cricket Season!! From now on, there won't be replication of crests and troughs. Instead, just a consistent straight line.