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

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

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.
International Journal of Business and Management Studies-Cover
  • Başlangıç: 2009
  • Yayıncı: Sosyal Bilimler Araştırmaları Derneği
Sayıdaki Diğer Makaleler

AN INVESTIGATION INTO THE FACTORS AFFECTING YOUNG PEOPLE’S ENTREPRENEURIAL INCLINATION: THE CASE OF SELECTED AREAS IN SOUTH AFRICA

Jacques De JONGH, Natanya MEYER

DETERMINING THE MEDIATING ROLE OF SUPPLIER AND CUSTOMER INTEGRATION TOWARDS ENHANCING RETURN ON INVESTMENT OF SMALL AND MEDIUM ENTERPRISES

Osayuwamen OMORUYİ

GENDER DIFFERENCES IN BRAND LOYALTY TOWARDS FASHION BRANDS AMONG GENERATION Y STUDENTS

Heleneze-tiane LUES, Natasha De KLERK

THE ROLE OF ORGANISATIONAL ETHICS MANAGEMENT WITHIN THE SOUTH AFRICAN PUBLIC SERVICE

Nethonzhe THONZHE, Shikha Vyas DOORGAPERSAD

EXPLORING ATTENDEES’ PERCEPTIONS ON SERVICE QUALITY PROVIDED AT THE VAAL RIVER CARNIVAL IN SOUTH AFRICA

Phillemon Tlake RACHOENE, Bakae Aubrey MOKOENA

INTERNAL CONTROLS SYSTEMS AND THE RISK PERFORMANCE CHARACTERIZING SMALL AND MEDIUM MANUFACTURING FIRMS IN THE CAPE METROPOLE

J. DUBİHLELA, Lisa NQALA

DRIVERS OF ENTREPRENEURIAL INTENTIONS AMONGST GENERATION Y STUDENTS IN ZIMBABWE

Esther MARİRE, Chengedzai MAFİNİ, Manilall DHURUP

AN EXPLORATORY STUDY OF CHALLENGES FACED BY WOMEN ENTREPRENEURS IN THE CONSTRUCTION INDUSTRY IN SOUTH AFRICA

Evelyn Omayemi ANEKE, Evelyn DERERA, Mapeto BOMANİ

REFINEMENT AND VALIDATION OF SCALES FOR MEASURING PERCEIVED SOCIAL RISK, BUYING BEHAVIOUR AND RETAIL STORE CHOICE

Pieter Van SCHALKWYK, Eugine Tafadzwa MAZİRİRİ, Bakae Aubrey MOKOENA

IDENTIFYING THE NATURE OF PARTICIPATORY COMMUNICATION BETWEEN STAKEHOLDERS OF A UNIVERSITY INCUBATOR

J Van Der VYVER, C Van Der VYVER