–– Paul Schlehlein

The audio version of this article is available here: YouTube, Apple Podcasts, or Spotify.
The unemployment rate in South Africa stood at about 7% in the mid-1970s. It rose to 13% in the mid-90s, 25% in the late 2000s, and stands at about 33% as of the first quarter of 2025. In a recent survey of 24 developed countries, South Africa had by far the highest unemployment rate. Other worldwide surveys confirm that unemployment in South Africa is among the worst in the world.
While there are many solutions to unemployment, one obvious answer is removing Minimum Wage Laws (MWLs)—one of the greatest causes of a jobless society. An MWL is when the government makes it illegal to hire someone at a lesser rate than it has decreed.
Continue reading