Tag: Eustace Davie

In the real world of economic consequences, the NMW is set to harm a great many unfortunates who currently earn incomes that are well below the NMW. The NMW will cause many to lose their jobs and make it even more difficult for the 9.48 million unemployed to access jobs.

Researchers exhorting the South African government to implement the NMW (National Minimum Wage) reported that they could find no studies showing high job losses from the institution of minimum wages. How did they not uncover the link between the 2007 decision to impose the US Fair Minimum Wage Act on the US dependencies of Puerto Rico, American Samosa and the Mariana Islands?

Mr Ramaphosa, like most South Africans I am relieved that you have ascended to the country’s highest political post. However, you of all people know that you start your Presidency with an economy in deep trouble – and one in which the unemployed have been almost completely ignored.