Minimum wages are effective when economies are growing fast - Dr Iraj Abedian
The South African Federation of Trade Unions (Saftu) has gone on strike over proposed labour law amendments, which include the minimum wage bill.
Saftu affiliates describe the proposed minimum wage of R20 an hour as an insult.
They demand a R12 500 minimum salary for all workers.
Abedian discussed everything we should know about the impact of the proposed minimum wage:
A minimum wage is a double edged sword (it is good, and it also bad)
The proposed minimum wage may not work, and it may not be sufficient
The minimum wage may lead to job losses at some companies. Many small businesses, especially, may not survive; resulting in an increase in the unemployment rate.
If the economy does well, a minimum wage may work. The economy needs to grow .
(Also read: ‘Economics is about morality’ - Dr Iraj Abedian)
For more detail; listen to the interview in the audio below.
Enjoy The Money Show, but miss it sometimes?
Get the best bits emailed to you daily, right after it ends:
Get the 10 most-read articles of the week from Bruce Whitfield’s The Money Show, emailed to you every Friday morning:
Anelda Martin is the owner of the Goddess Cafe in Pretoria and she is looking to revive the roadhouse.Read More
Oceana fishing has deferred their interim dividend payout due to Covid19, but says all is well.Read More
Absa is ending its R140m a season sponsorship of SA’s Premier Soccer League (PSL), after a 13-year relationship.Read More
Covid-19 and race riots - is President Donald Trump's re-election campaign collapsing?Read More
Airlines Association of Southern Africa chief executive Chris Zweigenthal says the airline revenue went to zero overnight.Read More
Former Springbok Bryan Habana about where he is at this point of his career.Read More
Skynamo is a Field Sales management and productivity app used by manufacturers, distributors and wholesalers.Read More
Only 54% of South Africans had a bank account in 2004, the goal is to make that 90% by 2030, where are we now.Read More
Government has two weeks to overhaul lockdown regulations they say were put in place to curb the spread of the coronavirus, or win an appeal.Read More
The University of Pretoria's Centre for Entrepreneurship has launched a free National Support Portal for SMMEs.Read More
Callers on the Eusebius McKaiser show share views on the reopening of schools.Read More
Callers on the open line discuss the SANDF internal inquiry into the death of Alexandra resident Collins Khosa.Read More
Callers on the open line comment on the decision by the government to open congregational worship at Level 3.Read More
After counting 20 people without masks during a short drive, political analyst Melanie Verwoerd called CapeTalk in despair.Read More
Callers on the Eusebius McKaiser Show debate Bianca Schoombee's tweets, apology and her Miss SA withdrawal.Read More
Callers on the Eusebius McKaiser Show express their concerns over the announcement by the basic education minister.Read More
The need for rapid adaptation is becoming more critical as the financial services sector adjusts to a post COVID-19 climateRead More
Eusebius McKaiser says if the numbers are treated like some daily statistical daily test we will lose the human story behind them.Read More
Callers share how much they are spending on cigarettes during the lockdown.Read More
702 listeners express their dissatisfaction with President Cyril Ramaphosa's address on Wednesday night.Read More
The police minister spokesperson says finally the court has ruled Saps wasn't supposed to provide protection for Zulu and Stuta.Read More
Wits University law professor advocate James Grant unpacks government's lockdown regulations and the recent court loses.Read More
Satdu Western Cape secretary Jonavon Rustin says they are not 100% sure all schools will be compliant.Read More
African National Congress regional secretary TK Nciza social media policy of the party must be followed by all members.Read More
Eusebius McKaiser says government has 14 days to study the judgment that says regulations were invalid and unconstitutional.Read More
Liberty Fighters Network's Reyno Dawid de Beer says the court declared all levels as invalid not just level three and four.Read More
The African National Congress spokesperson says they encourage their comrades to use the right platforms to raise issues.Read More
Chris Baragwanath Hospital CEO Dr Nkele Lesia says Level 3 started the number of trauma cases has doubled.Read More
Nickolaus Bauer on the Eusebius McKaiser Show facilitates a discussion on the different regulations under this new lockdown level.Read More
The Department of Energy on Monday said the retail price of all grades of petrol would increase by R1.18 cents per litre.Read More