National Minimum Wage: a response
The statement from Deputy President Ramaphosa on the finalization of agreements on Labour Stability and a National Minimum Wage [NMW], as well as the radical economic transformation narrative put forward by President Zuma in the State of the Nation Address calls for a response.
The NMW is a useful instrument depending on the level at which it is set. If set too low it risks institutionalizing a low wage regime; maintaining our current levels of wage inequality; and entrenching poverty within a very large portion of workers and their families. Setting the NMW at R20 an hour will do exactly that. See full media statement here.