The Science Of ...

'Would you rather be unemployed, or have a less-than-ideal first job?'

The Money Show’s Bruce Whitfield interviewed Ann Bernstein, Executive Director at the Centre for Enterprise and Development, for his weekly "The Science Of" feature.

Bernstein spoke about the science of growth and jobs.

Scroll down for quotes from the audio below.

South Africa has one of the largest unemployment rates in the world.

Ann Bernstein

We have long-term, structural problems.

Ann Bernstein

We don’t have a highly skilled workforce.

Ann Bernstein

We haven’t fixed education in the last 20 years.

Ann Bernstein

More and more young people are growing up in households where nobody works.

Ann Bernstein

Are you in favour of ‘no wage’ or a ‘low wage’?

Ann Bernstein

Hundreds of thousands of people have lined up for very poorly paid public works jobs.

Ann Bernstein

A public works job is temporary. A private sector job at a low wage gives you a foot on the ladder.

Ann Bernstein

High growth will definitely create much more jobs in South Africa.

Ann Bernstein

Some of our universities are world-class and some are not. Employers think about this.

Ann Bernstein

We need a massive improvement in South Africa’s vocational education.

Ann Bernstein

Even though the economy is bad we still have a skills shortage.

Ann Bernstein

South Africa has about 7.5 million people that didn’t have a good education. We have to provide jobs for the workforce we have today, not for the one we hope to have 10 years from now.

Ann Bernstein

'Would you rather be unemployed, or have a less-than-ideal first job that gets you on the ladder of opportunity, if you don't have any other options?

Subscribe to our Business Wrap Newsletter

Article brought to us by Old Mutual.


Recommended

by NEWSROOM AI
Read More
Sneakers as investment? You bet! Yours may be worth more than you paid for it

Sneakers as investment? You bet! Yours may be worth more than you paid for it

The Money Show’s Bruce Whitfield interviews Tebogo Mogola, co-founder and Director at Sneaker Exchange Expo.

New online shopping website launches. Everything available is South African

New online shopping website launches. Everything available is South African

It just became easier than ever to buy local when shopping online. Bruce Whitfield interviews Proudly SA’s Eustace Mashimbye.

'No R10 coin yet. But it’ll be smaller than the R5 when it comes'

'No R10 coin yet. But it’ll be smaller than the R5 when it comes'

The Money Show’s Bruce Whitfield interviews South African Mint Managing Director Tumi Tsehlo.

5 ways to get South Africa’s economy growing

5 ways to get South Africa’s economy growing

Faster, sustained economic growth is the solution to so many of our problems. Here’s how to make it happen...

How to massively boost SA's economic growth (AND create large numbers of jobs)

How to massively boost SA's economic growth (AND create large numbers of jobs)

According to McKinsey, these five sectors of the economy could massively boost GDP growth in SA and create large numbers of jobs.

5 things that are driving (and hindering) economic growth in South Africa

5 things that are driving (and hindering) economic growth in South Africa

Why is our economy barely growing and how do we get it going? We spoke to ETM Analytics Chief Economist George Glynnos.

Popular articles
Hits from the bong (it’s legal!)… then off to work I go?

Hits from the bong (it’s legal!)… then off to work I go?

The consequences of consuming dagga at home and showing up at the office high. Bruce Whitfield interviews a labour lawyer.

Tax ombud to probe Sars – yet again - after taxpayers complain

Tax ombud to probe Sars – yet again - after taxpayers complain

The Money Show’s Bruce Whitfield interviews Adv. Eric Mkhawane, CEO at the Office of the Tax Ombud.

'We can barely enforce tobacco legislation, how will we to deal with dagga?'

'We can barely enforce tobacco legislation, how will we to deal with dagga?'

International law enforcement expert and former Drug Unit Commander Lobo das Neves says ruling opens a different can of worms.

Comair reports record earnings, 72nd profitable year in a row – a world record!

Comair reports record earnings, 72nd profitable year in a row – a world record!

Recession, soaring fuel costs and surplus capacity - yet profits keep coming! Bruce Whitfield interviews Comair CEO Erik Venter.

[WATCH] Dad stops baby from crying, Emmy acceptance speech turns into proposal

[WATCH] Dad stops baby from crying, Emmy acceptance speech turns into proposal

Khabazela shares some of the most popular tweets, posts, and videos on 'What's gone viral'.