PERCEPTIONS OF LOCAL BUSINESSES ON THE NEWLY PROPOSED NATIONAL MINIMUM WAGE IN SOUTH AFRICA

N.P Mncayi; J.J De Jongh

Article Details

PERCEPTIONS OF LOCAL BUSINESSES ON THE NEWLY PROPOSED NATIONAL MINIMUM WAGE IN SOUTH AFRICA

Authors:

N.P Mncayi | J.J De Jongh

Publisher:

Sosyal Bilimler Araştırmaları Derneği

Journal:

International Journal of Business and Management Studies 2017 Vol.9 Issue 2, pp.120-136

Document Type:

Article

Publication Date:

5/2017

Document Language:

Turkish

Document ID (Org No.):

2000808925

Frequency:

Bi-Annual

eISSN:

1309-8047

Abstract:

 

As a country faced with many socio-economic challenges government
  intervention prompting protests are not unique to South Africa. In light of these
  confining circumstances, requests from various economic agents, especially
  labour unions have been directed towards the implementation of a national
  minimum wage (NMW). Although theory advocates negative effects from
  minimum wages, international evidence regarding these labour market
  interventions shows conflicting outcomes. The main aim of the study was to
  analyse business owners’ perceptions regarding the impact of the implementation
  of a NMW. A qualitative research approach was adopted to collect data with a
  total of 10 in-depth interviews conducted with business owners in the Vaal
  Triangle region, Gauteng. The results of the study showed that participants
  acknowledged the advantage of implementing a NMW, perceiving the
  intervention as a much needed step towards greater equality. Other perceived
  advantages involved the security a NMW provides job-seekers and the possible
  impact on improved demand for goods and services as higher wages stimulate the
  economy. Concerns however were raised regarding small firms’ ability to cover
  these wages and the capability of the legislation to account for inherent skill
  differences in various sectors. The findings of the study provide valuable insights
  especially in the South African context and even more so from a demand side
  perspective regarding the possible impact of these labour market interventions.

Article Details

PERCEPTIONS OF LOCAL BUSINESSES ON THE NEWLY PROPOSED NATIONAL MINIMUM WAGE IN SOUTH AFRICA

Authors: N.P Mncayi | J.J De Jongh

Publisher: Sosyal Bilimler Araştırmaları Derneği

Journal: International Journal of Business and Management Studies 2017 Vol.9 Issue 2, pp.120-136

Document Type: Article

Publication Date: 5/2017

Document Language: Turkish

Document ID (Org No.): 2000808925

Frequency: Bi-Annual

eISSN: 1309-8047

Issues

Authors:

N.P Mncayi | J.J De Jongh

Publisher:

Sosyal Bilimler Araştırmaları Derneği

Journal:

International Journal of Business and Management Studies 2017 Vol.9 Issue 2, pp.120-136

Document Type:

Article

Publication Date:

5/2017

Document Language:

Turkish

Document ID (Org No.):

2000808925

Frequency:

Bi-Annual

eISSN:

1309-8047