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Africa's largest economy, South Africa, is boasting the highest
unemployment ratio on the continent, with almost 60% of people being
unemployed and 25% choosing not to participate in the country's economy.
Economist Mike Schussler, who presented the '2010 Uasa South African
employment report' in Johannesburg on Thursday, said that, in fact, more
people in the country were currently receiving money from welfare than
from employment, with 12,8-million people working and 13,8-million
people.
This sort of trend will drive the economy into bankruptcy. One of the
major reasons must be that we apply first world labour laws to a third
world country. The truism that "Tell me how you measure me and I will
show you how I behave" must be the big disincentive to employ. "Hire and
Fire" built the big economies of the world, not the
cherry-picked-nice-to-have system we use. The stupidity of the labour
legislation in SA is only equalled by the appalling logic we used in the
the electricity/power policies.
Without employment, how effective is real skills development?
How do we fix this decline?
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