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Old 02-15-2017, 12:22 PM
 
Location: Macon, Georgia
525 posts, read 237,292 times
Reputation: 315

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I think that this is really much needed.
https://www.nytimes.com/2017/02/15/w...imum-wage.html
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Old 02-16-2017, 07:24 AM
 
276 posts, read 293,862 times
Reputation: 300
Ya the were protesting about that last year. Unfortunately we just don't have a strong enough growth in the economy to really implement anything that'll make a huge difference. Anything too high would hurt businesses which in turn leads to retrenchments which means more unemployed. At R3500 a month it's not exactly a livable wage either, but it's a start I suppose.

Forbes Welcome
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Old 02-16-2017, 08:55 AM
 
Location: Copenhagen, Denmark
10,524 posts, read 8,773,196 times
Reputation: 12218
The unemployment rate in ZA has been trending upwards since 2008-2009. It is now between 26-27%. In the early 2000s, it was over 30%. A minimum wage in this situation is going to drive unemployment higher again.
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Old 04-13-2017, 02:08 PM
 
729 posts, read 382,672 times
Reputation: 275
False.
In Brazil a politic of increase the minimum wage and minimum family income helped Brazil at least eliminate extreme poverty with risk of hunger.

As important as minimum wage is the package of benefits for low skilled workers. In Brazil employers must to pay for the employees the transportation, breakfast and lunch, (or give a basket of essential food monthly) and pay the extras annual wages also paid vacations. Depending the union they are member private healthcare and others things.
So the worker only use his salary for personal stuffs.

When Brazil starts increase the minimum wage the national GPD growth because the internal consumption growth.


Quote:
Originally Posted by Frihed89 View Post
The unemployment rate in ZA has been trending upwards since 2008-2009. It is now between 26-27%. In the early 2000s, it was over 30%. A minimum wage in this situation is going to drive unemployment higher again.

A national minimum wage can tackle inequality in South Africa
By Gilad Isaacs
Thomas Piketty was correct to argue that the national minimum wage can be an important tool to reduce extreme wage inequality. By JANA MUDRONOVA & GILAD ISAACS.



This article was originally published in The Conversation. It is based on a forthcoming paper by Jana Mudronova entitled The international experience of the relationship between inequality, poverty and the national minimum wage, as part of the National Minimum Wage Research Initiative.

Minimum wages have played a central role in reducing inequality in countries as diverse as Indonesia, the United Kingdom, and Brazil. Traditionally seen as a means to ensure workers earned enough to meet their basic needs, more attention over the last two decades, has been given to minimum wages as a means to help create a more equitable society.

Moderator cut: copyright issues



A national minimum wage can tackle inequality in South Africa | Business | Daily Maverick

Last edited by Marka; 06-20-2017 at 05:23 AM..
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