The gazette states that the new national minimum wage is R20.76 – an increase of 3.8%”. Provide a discussion on the welfare effect of the above, that illustrates the case for when the above results in...


The gazette states that the new national minimum wage is R20.76 – an increase of 3.8%”. Provide a discussion on the welfare effect of the above, that illustrates the case for when the above results in unemployment in the market for domestic workers as well as a case for when the above has no effect on the market for domestic workers. Use a diagram to support your discussion.



May 18, 2022
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