South Africa’s economic structure: labour market and socio-eonomic variables
Category : PACSA news
PACSA’s Monthly Food Price Barometer for May 2016
Talks to determine the level at which the National Minimum Wage will be set have stalled in NEDLAC. The offer made by Business of R1 800 is just too low to make any substantial improvement to the lives of workers.
The May 2016 Food Price Barometer disaggregates and analyses some of the latest labour market and socio-economic data of Statistics South Africa (STATSSA) to make sense of the socio-economic context in which wage levels are set. Economic data shows that where minimum wages have been set, for a household, it is below the upper bound poverty line of R753 per month (2014).