Amandla! is free here, but we welcome donations.
Average real wage within Construction (contractors), 1994-2011 1. Wage increases above inflation? Yes, of course! The wage Bargaining season is here again and the media will again complain about "wage demands are inflationary". Read: "Wage demands are too high". But...
It was not solely disrespect for reserve bank governor Gill Marcus that saw many delegates to the National Union of Metalworkers (Numsa) congress largely ignore her speech last week. Nor was it, as general secretary, Irvin Jim, maintained, because the chattering...
Introduction The Greek crisis represents the deepening of a long systemic contradiction whose origins lie in the 1960s, in the stagnation of monopoly capitalism and the emergence of the South. The industrial centers of the world economy were struck by a crisis of...
Brian Kantor, the chief strategist and economist at Investec Wealth and Investment, responds to the debate about wages and productivity between Dick Forslund from AIDC, Simon Eppel from SACTWU and Loane Sharp from Adcorp (published in Business Report, December 13, 14...
The economic storm triggered by the 2008 financial crash in the USA and Europe led to the loss of more than one million jobs in South Africa. Today we know that the crisis never really abated.How could it? Claims for hefty profits, wheedled through strange and complex...
The Occupy Wall Street movement has captured much the nation’s attention with a clear message: A U.S. economy driven by the interests of business and the wealthy has generated increasingly unequal economic outcomes where the top 1 percent did exceptionally well but...
John Maynard Keynes keeps a main influence on the current economic thinking. Even if the neo-liberal movement dominated over the last decades, the Keynesian ideas remain enduring, especially at times of recession. When the subprime mortgage crisis started, it was...
John Maynard Keynes keeps a main influence on the current economic thinking. Even if the neo-liberal movement dominated over the last decades, the Keynesian ideas remain enduring, especially at times of recession. When the subprime mortgage crisis started, it was...
Mass joblessness is an everywhere phenomenon in the developing world. The existence of an ever-growing reserve army of labour manages to keep working wages below a living minimum. Hence, the majority of the working class in any third world economy can get nicely tied...