FMF NEWSLETTER 8 MARCH 2017
Dear friend of the FMF
This week’s feature article unpacks the myth that the National Minimum Wage is a caring and economically sound initiative. The new, compulsory National Minimum Wage (NMW) will force companies to pay employees a minimum of R20 per hour or R3500 per month. While the proponents of the NMW wish to appear compassionate towards workers, the truth is that the 9 million unemployed people in South Africa will face an even greater struggle to get a job. A compulsory NMW is another barrier to employment. Eustace Davie provides a point-by-point, evidence-backed rebuttal to the advocates of the NMW.
Anguish over low wages but no pity for the 9 million who earn zero – EUSTACE DAVIE
The proponents of the compulsory National Minimum Wage (NMW) admit that some people at the lowest level of the income scale will lose their jobs. They do not say how many or mention that, for the nine million currently unemployed people, raising the minimum wage will make finding a job even more difficult. Are they prone to Stalin’s cynical logic of “One death is a tragedy; one million is a statistic”? Change “death” to “job loss” and you have “One job lost is a tragedy; nine million unemployed is a statistic”.
Wednesday, March 15 MEDIA BRIEFING – Michael Settas – KaeloXelus & Patrick Bracher – Norton Rose Fulbright Private Healthcare on receiving end of toxic drip treatment – 15 March 2017 @ 11h00 @ FMF – RSVP http://www.freemarketfoundation.com/View-Event?i=139
March 16 & 17 The Sustainable Livelihoods Foundation will be exhibiting the results of a study of Eveline Street, a high street in Katutura, Windhoek. The research provides important lessons for urban policy makers in South Africa on how land management reforms, private ownership, enterprise formalisation and entrepreneurial investment have resulted in a dynamic high street economy. For more info and to RSVP: http://livelihoods.org.za/ (NOTE – SCROLL DOWN TO END OF PAGE)
May 24 & 25 2017 Africa Liberty Forum – Sandton – more info to follow
June 6 Global Intellectual Property Centre roundtable – Johannesburg – more info to follow
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Fears SA is driving into dead-end street
Business Day column Difficult times do not turn a bad budget into a good one – Leon Louw, 1 March 2017
Media release We cannot afford to experiment with our future
Media digest JANUARY 2017 for all media coverage
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Publish date: 08 March 2017
The views expressed in the article are the author’s and are not necessarily shared by the members of the Foundation.