As SA’s economy continues to recover from the pandemic, will unemployment continue to rise inexorably? And, if so, should the state be pouring more resources into social grants or public employment schemes?
In seeking to evaluate the country’s employment prospects, it doesn’t help that Stats SA’s two labour force surveys produced starkly different results during the pandemic, though both agree that SA’s jobs recovery remains incomplete...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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Can SA stage a jobs recovery?Unemployment is likely to keep rising, given SA’s muted growth prospects, but mass public employment schemes and a universal wage subsidy could change that, writes ClaireBisseker. ClaireBisseker Is it that there’s no work that can be done instead of giving wage subsidies- maybe it’s possible that the wage subsidy can be unskilled eg filling of potholes or fixing smart fones etc ClaireBisseker 'And, if so, should the state be pouring more resources into social grants or public employment schemes?' Are the FM suggesting even higher taxes to pay more grants? ClaireBisseker Unfortunately that is not sustainable, and bring no new money to the economy. Like being unemployed and living off you savings... Eventually that runs out and you are worse off than before... E.g. 2010 soccer world cup, R billions spent with little to show for it 20+ years later.
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LETTER: What has BHP done for SA?Ever since SA-born Marius Kloppers became BHP Billiton CEO in 2007, the company has followed a relentless policy of disinvestment from SA. Being the head of the home isn't easy, you are expected to provide for the home, I lost my job during the pandemic and relied on the little money I had,things were hard until I met Allison_Grillo and started Bitcoin trading, I earned R150,000 in 3 weeks thanks Allison_Grillo. I would disinvest to. No hope! I was scammed through Bitcoin couple of months ago, I started hating Bitcoin until I was introduced to Allison_Grillo, and I gave Bitcoin trading another try, I successfully withdrew $35,000 after two weeks of trading, am so grateful Allison_Grillo thank you.
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