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Labour policies driving poor from jobs - IRR

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Cape Town - Poor South Africans will continue to pay a heavy price until it is more broadly accepted that only labour market reforms, matched with investor-friendly policies, can ease the unemployment crisis, Frans Cronjé of the SA Institute of Race Relations (IRR) said on Wednesday.

"In SA's high gross domestic product (GDP) growth years of 2004 to 2007, employment also peaked. This is why the IRR has long maintained that investment-driven growth, and not gimmicks such as wage subsidies and public work schemes, is the only sustainable solution to South Africa’s unemployment," the IRR said in a report on labour market trends.

The number of South Africans with jobs increased from 7 971 000 in 1994 to 15 657 000 in 2015.

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