https://commerce.uct.ac.za/dpru
📃Read the relevant government gazette, which includes a summary of the report's findings alongside ongoing work on the effects of all of the NMW adjustments over the past 5 years, here: static.pmg.org.za/1/NMW.pdf
📃Read the relevant government gazette, which includes a summary of the report's findings alongside ongoing work on the effects of all of the NMW adjustments over the past 5 years, here: static.pmg.org.za/1/NMW.pdf
- Large ⬆️ effects on hourly wages
- Small ⬇️ effects on working hours
- Consequently, large ⬆️ effects on monthly earnings
- Small ⬇️ effects on employment
#EconSky
- Large ⬆️ effects on hourly wages
- Small ⬇️ effects on working hours
- Consequently, large ⬆️ effects on monthly earnings
- Small ⬇️ effects on employment
#EconSky
Set at R27.58 per hour, the 2024 increase was the largest in inflation-adjusted terms since the NMW’s introduction in 2019.
Set at R27.58 per hour, the 2024 increase was the largest in inflation-adjusted terms since the NMW’s introduction in 2019.