NGO Criticises SA Over Minimum Wage

The introduction of a national minimum wage will likely increase the country’s unemployment rate, argues the FMF.

Lobby group, the Free Market Foundation (FMF) says that the introduction of a national minimum wage will likely increase the country’s unemployment rate.

In a press statement, the organisation warns that, “Raising the minimum wage and making it applicable nationally, cannot fail to increase unemployment.”

It argues: “Rather than consider a national minimum wage, intended to raise the wages of people who already have jobs, government should be giving its full attention to creating conditions that will lead to an increase in the demand for labour.”

To read the article titled, “Free Market Foundation slates wage law,” click here.

Source: 
Citizen

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