National minimum wage could stimulate the economy

With South Africa's unemployment rate sitting at over 25%, the question of whether a National Minimum Wage would solve the issue remains debatable.

The issue of a national minimum wage has remained a talking point among labour unions, opposition parties and the governing African National Congress.

702's John Robbie spoke to Professor of Labour Studies at the City University of New York, Stephanie Luce, regarding the matter.

Listen to the conversation below:

The visiting professor said while the policy issue isn't the only solution to South Africa's high unemployment rates, she said putting the subsidy in place would stimulate economic growth through the circulation of money among consumers.

It's not the ultimate solution, but country after country is finding that it's one way of reducing inequality and can be a job creator.

Prof Stephanie Luce, international expert on living wages

Recommended

by NEWSROOM AI
Read More
Major medical breakthrough: New gene pegged as cause of heart attacks in youth

Major medical breakthrough: New gene pegged as cause of heart attacks in youth

This is being called the biggest medical advancement in South African cardiology since Dr Chris Barnard's first heart transplant.

Parents urged to check tertiary institutions are legit before registering kids

Parents urged to check tertiary institutions are legit before registering kids

The Council on Higher Education says parents need to be wary of the increasing number of fly-by-night tertiary institutions.

New app to detect hearing loss

New app to detect hearing loss

University of Pretoria has developed a new app which uses a smartphone to detect hearing loss.

UK prison officers manage to quell mass inmate riots

UK prison officers manage to quell mass inmate riots

Britain recorded the worst prison riots in 26 years after 600 inmates at a prison in Birmingham embarked on a 12-hour riot.

Gauteng tops drunk driving offences since start of the festive season

Gauteng tops drunk driving offences since start of the festive season

Traffic authorities have arrested more than 3 000 people for various traffic offences, with drunk driving as the leading offence.

2016 news wrap: A look back at the stories that grabbed SA's attention

2016 news wrap: A look back at the stories that grabbed SA's attention

Barry Bateman spoke to Stephen Grootes to unpack the meaning behind the stories that dominated the headlines in 2016.

Popular articles
[WATCH] Viral schoolkid who cried at Bok tour attends awards with the Kolisis

[WATCH] Viral schoolkid who cried at Bok tour attends awards with the Kolisis

He was caught on camera earlier this month, bawling his eyes out when he saw the Bok squad at the start of their victory tour.

Demolition of Bank of Lisbon building in Jhb CBD to take place on Sunday

Demolition of Bank of Lisbon building in Jhb CBD to take place on Sunday

EWN reporter Mia Lindeque gives an update on the demolition plans, which include viewing of the implosion.

[VIDEO] Family take dead family member to Old Mutual after no funeral pay-out

[VIDEO] Family take dead family member to Old Mutual after no funeral pay-out

Khabazela shares tweets and Facebook posts that have gone viral.

'Pravin Gordhan is part of SAA mess, he is not a saint'

'Pravin Gordhan is part of SAA mess, he is not a saint'

Wits School of Economics and Business Science senior lecture Lumkile Mondi says the South African Airways crisis is self-created.

3 best JSE shares to buy, right now (by The Robert Group)

3 best JSE shares to buy, right now (by The Robert Group)

Devin Shutte (Head of Investments at The Robert Group) shares his stock picks of the week with Bruce Whitfield on The Money Show.

[WATCH] SABC reporter heading for danger during looting goes viral

[WATCH] SABC reporter heading for danger during looting goes viral

Khabazela shares tweets and Facebook posts that have gone viral.

How to buy your first share (even if you only have R50, or less)

How to buy your first share (even if you only have R50, or less)

Got R50? No? Got R5? Personal finance expert Warren Ingram on how to buy shares with tiny amounts of money.

13 tips for saving hundreds (nay, thousands!) of rands each month

13 tips for saving hundreds (nay, thousands!) of rands each month

The economy is toast. Personal finance expert Warren Ingram shares 13 highly effective tips for making ends meet.