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National minimum wage debate - Gilad Isaacs & Leon Louw
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GILAD ISAACS
The institution of a national minimum wage, correctly designed and effectively implemented, can change the lives of millions of South Africans. The evidence is unequivocal, minimum wages reduce inequality and poverty, can spur economic growth, and do so with little or no impact on employment. A national minimum wage can be part of South Africa’s economic solution.
LEON LOUW
Advocates of a minimum wage law display a callous disregard for South Africa’s most vulnerable citizens: 8 million unemployed compatriots; 1 million people in marginal jobs; tens of thousands of marginal businesses; and hundreds of thousands of aspirant entrepreneurs. The victims of heaping privileges on people fortunate enough to be employed, are mostly young or elderly or disabled uneducated black South Africans.
The institution of a national minimum wage, correctly designed and effectively implemented, can change the lives of millions of South Africans. The evidence is unequivocal, minimum wages reduce inequality and poverty, can spur economic growth, and do so with little or no impact on employment. A national minimum wage can be part of South Africa’s economic solution.
LEON LOUW
Advocates of a minimum wage law display a callous disregard for South Africa’s most vulnerable citizens: 8 million unemployed compatriots; 1 million people in marginal jobs; tens of thousands of marginal businesses; and hundreds of thousands of aspirant entrepreneurs. The victims of heaping privileges on people fortunate enough to be employed, are mostly young or elderly or disabled uneducated black South Africans.
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