Marikana and the future of South Africa’s labour market
Key Points:
- South Africa’s labour market is in crisis, with millions of people in unemployment and high levels of anger at their wages and prospects among many with jobs.
- Fourty percent of people in South African society are able to work but are unable to find employment.
- Reforming the labour market includes the recognition that the labour market does not exist in isolation as labour market challenges have roots in problems elsewhere in society.
- Marikana is a painful reminder that the labour market and its institutions are underperforming for both those in and out of work.