The Presidency confirmed this morning the signing ceremony for the minimum wage change in labour law has been postponed until further notice.
Gilad Isaacs from the National Minimum Wage Research Initiative and School of Economic and Business Sciences at Wits University joins Stephen Grootes on the line to talk about Nedlac's newly agreed upon hourly minimum wage of R20 per hour to be implemented in 2018.
That level works out for 45 hours to R3 900 and is under what we calculate as the most basic needs of workers. it is insufficient in meeting those needs.— Gilad Isaacs, National Minimum Wage Research Initiative and School of Economic and Business Sciences at Wits University
He says predicted job losses due to increased wages at the lower end have not materialised but agrees some businesses will find the increase difficult and exceptions and alternatives will be explored.
Listen to Gilad Isaacs analysis on why increased wages at the lower end do not impede the economy:
This article first appeared on 702 : Nedlac parties agree on hourly minimum wage