Discover and read the best of Twitter Threads about #nmw
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Some people have asked for our comment on the #Treasury #EconomicStrategy document
There are two major issues: process and content.
I deal with these in turn.Note: these are not the official views of the @IEJ_SA 👇
There are two major issues: process and content.
I deal with these in turn.Note: these are not the official views of the @IEJ_SA 👇
Firstly on *process*
National Treasury has gone rogue...again
They have unilaterally published a policy document without engaging
👉government structures
👉ANC structures or
👉civil society (unless you count financial sector economists present at their colloquia).
National Treasury has gone rogue...again
They have unilaterally published a policy document without engaging
👉government structures
👉ANC structures or
👉civil society (unless you count financial sector economists present at their colloquia).
Given that we are in a deep economic crisis, this Treasury unilateralism is highly irresponsible, as broad engagement on the *nature of the problem* is critical to coming up with *appropriate solutions*. But it now emerges that such engagement was totally absent.
Is the #NationalMinimumWage which comes into effect on 1 January a victory or a defeat for workers? I try to answer this question in the thread below
@Cosatu @Zwelinzima1 @CyrilRamaphosa @GiladIsaacs @iValodia @Dennis_G1 @SAFTU_media
@Cosatu @Zwelinzima1 @CyrilRamaphosa @GiladIsaacs @iValodia @Dennis_G1 @SAFTU_media
How many workers will benefit from the #NMW? According to research by @SA_NMW around *4 million workers* are earning <R20 p/h. This is a significant no. - over one third of the formal workforce. The widely quoted figure of 6,4 million isn't accurate, & reflects 2016 estimates.
Nevertheless a high proportion of workers in SA will benefit from the #NationalMinimumWage by international standards. According to the @SA_NMW the following fell below the NMW: in 16 Latin American countries most were below 15%. In the UK, 5%. Germany, 7% Malaysia, 15%.
