>The implication is that their employers are simply not hiring as many people to make up for the additional taxes they are paying (this is my interpretation, th

>The implication is that their employers are simply not hiring as many people to make up for the additional taxes they are paying (this is my interpretation, this is really the first I've read about this, so if I am wrong or misunderstanding, very interested in learning more) reply That interpretation (hiring is less due to having to pay more tax) is likely only a minor part of it. The much bigger issue is likely the lack of actual physical cash since the demonetization started, which is a few months ago now. (Things have started improving only recently.) Lots of people in India - probably the majority - do not use electronic methods of money transfer (due to being illiterate or computer-illiterate, old-fashioned, being in remote areas or other reasons), so depend heavily on cash. IOW, yummyfajitas' statement: >It's not having physical cash. is right.