PLEASE NOTE:

MyNews24 is a user-generated section of News24.com. The stories here come from users.

 
Rameez Hisher Flowers248
 
Comments: 18
Article views: 806
 
 
 

Young, overqualified and unemployed

21 February 2014, 22:56

Five million jobs by 2014. How embarrassing. Six million jobs by 2019. A knife to the public’s face.

Jacob Zuma’s final SONA last week rang of more political rhetoric and sugarcoating and piggybacking on successes of the previous political dispensation, in the midst of May 7. Employment is at its highest level in South Africa’s history. I, a university postgraduate, feel indifferent, maybe because unemployment is also at its highest it has ever been.

Surely we cannot call the growth in employment one of natural progression, especially if public sector employment is the biggest creator of jobs and private sector employment continues to lose momentum in a protest-ridden, low-private-investment sluggish economy. The good news is that we are back at pre-crisis highs.

The bad news, unfortunately, is that only 1.5 million jobs were created since the beginning of 2009, or more concretely put only ‘recovered’ if we speak about the manufacturing and agricultural sectors who have not even managed to create any jobs over the period.

What is even more scarier is that the community and social services sector, which includes provincial governments and local municipalities who have been the biggest creator of jobs, is responsible for 50% of those 1.5 million jobs. This comes as a surprise and a contradiction to Trevor Manuel’s 2008 statement that we need to disillusion people of the notion that we can have a developmental state government capable of creating jobs for all.

Economists speak of a role for Government that involves creating an enabling environment for the private sector. But, instead it is almost as if we have a mighty powerful Government that seeks to participate directly in and achieve its own developmental objectives rather than to aid in the dealings and workings of the docile private sector. Surely Jacob Zuma can take credit for that. But then again we cannot forget about the 600 000 people who have been added to the pool of unemployed since then.

It’s not like we can blame the private sector. Business will be business. If domestic demand continues to stifle and regulatory constraints persist, we cannot expect the private sector to invest in order for us to reach our target 5% growth rate. After all, it’s bad enough that the private sector cannot invest but instead are forced to save and carry the burden of the Government’s dissaving and households’ poor saving to finance the current account.

But then again, even though the private sector’s top line has remained moderate, it seems as if people, who are supposed to be their most valuable asset are being squeezed so that their bottom line can improve and value be delivered to shareholders.

The fact is, there are plenty of jobs. And yet, I, with a postgraduate degree in economics and the two million other unemployed people who are also new entrants into the job market still find it difficult to find a job. It should not be the Government’s responsibility to find and fill a post for those people. If it were then I’d think that the Government has done a pretty decent job at that.

But it’s not. The Government’s responsibility is to create an enabling environment for the private sector, and it is the private sector’s responsibility to create jobs. Because without a decent living wage there can be no economy and there can be no spending power, and a current spend and public wage bill that continues to put strain on the fiscus will leave less for public infrastructure spend and all the other things that the private sector is just not willing to provide on its own.

We can blame Jacob Zuma for not delivering on his promise of five million jobs, we could blame the labour regulatory framework for making it almost impossible for the unemployed, unskilled and inexperienced to find work, we could blame the lack of cooperative governance and lack of autonomy and decision-making powers at provincial and local level, or we could blame the current and previous political dispensations’ years of adopting neoliberal policies that delivered only on the promise of growth but not employment.

In a perfect world though, it would be ideal that the Government create a balance between its macro developmental objectives and its urge to participate directly in the economy, and maintain a public sector that serves rather than competes with the private sector through infrastructure development and the provision of public and social services.

But, unfortunately, we don’t live in a perfect world.

Disclaimer: All articles and letters published on MyNews24 have been independently written by members of News24's community. The views of users published on News24 are therefore their own and do not necessarily represent the views of News24. News24 editors also reserve the right to edit or delete any and all comments received.
 

Read News24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
18 comments
Add your comment
Comment 0 characters remaining

Read more from our Users

Submitted by
Samantha Corbett
What does a book mean to you?

The right to literacy and the right to education should be fundamental pillars for every society. Books represent many things, but at their core, they’re a powerful medium for education and the growth and distribution of knowledge Read more...

1 comments 31 views
Submitted by
Reflect 014
Is this Middle Ages Plague stagin...

In addition to the ongoing spread and efforts to contain the Ebola virus there has been a re-emergence of a middle-ages bacterial disease known as Bubonic plague. Read more...

0 comments 4 views
Submitted by
MIcheal Rhodes
Dear South Africa, being black do...

I have read a plethora of comments on this site with one underlying message; black people in general are incompetent. Dear South Africa that could not be further from the truth.  Read more...

30 comments 750 views
Submitted by
Brian Faul
The unseen unkown world around us

For the past few months I have been involved in a project in my hometown. Read more...

4 comments 1203 views
Submitted by
Enzo Ball
The road of no return

I started making the transition to atheism during my mid-twenties. It wasn’t a single event or a tragedy that made me decide to abandon my religion.  Read more...

56 comments 532 views
Submitted by
Ryan_Ruffgrain

Jobs in Cape Town [change area]

Property [change area]

Travel - Look, Book, Go!

Magical Massinga

Spend 5 nights at the gorgeous Massinga Beach Lodge in Mozambique and only pay for 4 from R13 220 per person sharing. Includes return flights, accommodation, transfers and romantic turndown. Book now!

Kalahari.com - shop online today

Up to 60% off - clearance sale!

Save up to 60% on appliances, books, electronics, toys, movies and more. Offer valid while stocks last. Shop now!

Deal of the Week!

Get bestselling John Green novels now just R99 each! Hurry and get yours while stocks last. Shop here.

Mind blowing deals on beauty & fragrances

Save up to 30% off beauty and fragrances. Offer valid while stocks last. Shop now!

Up to 50% off hair care products!

Save up to 50% on professional hair care products at kalahari.com. Offer valid while stocks last. Shop now!

30% off academic books

Score a mind blowing 30% off academic books! Offer valid while stocks last. Shop now!

OLX Free Classifieds [change area]

Samsung Galaxy s4

Mobile, Cell Phones in South Africa, Western Cape, Cape Town. Date October 24

Best bargain in big bay

Real Estate, Houses - Apartments for Sale in South Africa, Western Cape, Cape Town. Date October 25

VW Golf 6, 1.6 Trendline (Excellent condition)

Vehicles, Cars in South Africa, Western Cape, Cape Town. Date October 25

 

services

E-mail Alerts The latest headlines in your inbox

RSS feeds News delivered really simply.

Mobile News24 on your mobile or PDA

E-mail Newsletters You choose what you want

News24 on your iPhone Get News24 headlines on your iPhone.

SMS Alerts Get breaking news stories via SMS.

Blogs Your opinion on you, me and everyone.

Calais Website keywords automated by OpenCalais.

 
Interactive Advertising Bureau
 
© 2014 24.com. All rights reserved.
There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.








Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.