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For two months Angloplats refused to negotiate over the minimum demand for R16,500 per month before tax and deductions – a variation of the demand for a living wage of R12,500 in hand that spread like wildfire in the mining industry. The bosses repeatedly sent...
Amandla! introduces a new column: Economics for people. In this column we demystify basic economic processes, concepts and debates so that activists are able to participate better in the struggles over the nature and direction of economic policy. One of the factors...
Amandla! introduces a new column: Economics for people. In this column we demystify basic economic processes, concepts and debates so that activists are able to participate better in the struggles over the nature and direction of economic policy. One of the factors...
Don't blame American appetites, rising oil prices, or genetically modified crops for rising food prices. Wall Street's at fault for the spiraling cost of food. Demand and supply certainly matter. But there's another reason why food across the world has become so...
by S’bu Zikode, Presented in Mexico City on 6th August 2012 Before Abahlali baseMjondolo was formed the shack dwellers in South Africa wereconsidered by government and some other people in our society to be theundeserving poor. This claim came as the result of the...
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...
Barclays was fined after admitting attempting to rig the London Interbank Offered Rate (Libor), a measure of how much it costs banks to borrow from each other. Libor is calculated by taking an average – each morning - of the rate that banks report they can borrow at....
Sometimes, the calendar of international conferences attended by global elites serves up potent lessons for the rest of us, when they shine a spotlight on the deliberately murky affairs of the people who run the system. As the 20 most powerful world leaders deliberate...
Almost one thousand dolphins are lying dead on the beach. Another five thousand pelicans have also been found dead. What is the cause of this massacre? There are different explanations. Some argue that it was the offshore oil exploration while others say that these...