Labour productivity is up, with real wages stagnant

Two replies to Loane Sharp by Dick Forslund and Simon Eppel, originally published in Business Report, December 19, 2012: The South African Reserve Bank (SARB) reported in its latest Quarterly Bulletin that labour productivity is going up, as it has since 1994. The...

Knowledge. The final frontier

Some suggest that unemployment rates are high because of laziness or a dependency effect created by social grants, but numerous studies have failed to find empirical support for these claims. The one drum of this kind that continues to be beaten is the claim that...