The Impact of Minimum Wage Increases on the South African Economy in the Global Policy Model
Resources - Author: Gilad Isaacs, Ilan Strauss, Jeronim Capaldo / Year: 2017
This paper uses the United Nations Global Policy Model (GPM) to assess how increasing minimum wages might impact the South African economy by increasing the share of income going to workers (the “labour share”) – in contrast to the share that accrues to capital through profits and property income....
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