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'Unemployment is not a problem, it's a crisis'

31 July 2019 8:26 AM
Tags:
Unemployment
Terry Bell
SA unemployement rate

Labour analyst and Fin24 columnist Terry Bell responds to the shocking unemployment statistics released on Tuesday.

The shocking unemployment statistics were released on Tuesday.

It's not a problem, it's a crisis.

Terry Bell, Labour analyst and Fin24 columnist

Bell says government keeps talking about creating jobs to no avail.

At least a week ago we finally had a politician, and it happened to be the president himself, who said we have to prepare for more unemployment. At least he's finally realised what is happening. Or at least I hope so.

Terry Bell, Labour analyst and Fin24 columnist

We have summits upon summits and they do absolutely nothing.

Terry Bell, Labour analyst and Fin24 columnist

Many analysts have been warning of this crisis for years, he says.

For example, South Africa is among the most efficient poultry producers, yet the country imports poultry from overseas, he exclaims.

The garment industry has been annihilated by Chinese imports, he adds.

We need a complete change across the board, but we need to recognise it is not just economics it is politics as well.

Terry Bell, Labour analyst and Fin24 columnist

The real unemployment rate is probably 50%.

Terry Bell, Labour analyst and Fin24 columnist

And if he was in charge of jobs what would he do?

The first thing I would do would be to inform the public of the real situation, work out which are the right and wrong decisions that have been made, and I would say let's put forward every idea you've got and openly debate it - and if I can't do my job, or any of the people in Parliament can't do their jobs, then sack the whole lot of us and put in people who will do the right thing.

Terry Bell, Labour analyst and Fin24 columnist

Take a listen to Bell's views below:


This article first appeared on CapeTalk : 'Unemployment is not a problem, it's a crisis'


31 July 2019 8:26 AM
Tags:
Unemployment
Terry Bell
SA unemployement rate

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