A Minimum Wage in South Africa

Various countries have implemented minimum wage legislation with a sufficient degree of success to justify it becoming established policy. But South Africa with its very high unemployment rate (especially when judged on the broader definition, which includes those who have abandoned looking for work) and lack of skills is not an obvious candidate. The concern… Continue reading A Minimum Wage in South Africa

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Executive Pay.

The size of executive pay packages upsets many. Typically it is set by outside experts, by a directors’ remuneration committee or by reference to market data. Nevertheless the ratio of CEOs’ pay to average earnings has been increasing rapidly and I have noted previously how the earnings of the top 1 percent or so (which… Continue reading Executive Pay.