Minimum wages may be hiked by more than 8%, according to govt proposal | Business

The National Minimum Wage Commission is considering an adjustment to the wage in the range from CPI plus 0.5% and CPI plus 1% for 2023. Since this year, domestic workers receive the same minimum wage as other workers.The minimum wage could be hiked by more than 8% next year, according to a new proposal by the Department of Labour's National Minimum Wage Commission.In November, CPI reached 7.4%.

The NMW chair Professor Adriaan van der Walt said the commission aimed to ensure that the value of the national minimum wage does not decline relative to the median wage.

_Business Increase the old age pensions as well

_Business Those who are against it, are definitely earning more. The cost of living is too high, therefore an increase in the minimum wage will ensure that those who earn close to nothing also afford basic needs.

_Business This will kill the jobs market further. Plenty of foreigners willing to work for less! The Commission are really a bunch of useless misfits. Can't they fathom that Labor supply is surplus below the minimum wage. They can raise it 1000% it won't & can't force empoyers to comply!

_Business Increase in minimum wage will only increase unemployment

_Business 8.4% is too little. Should be higher

_Business More unemployment loading

_Business Ah yes great. Let's push for more unemployment...

_Business Which means more unemployment.

_Business Stop increasing National Min wage and start taxing everybody who lives in SA and uses its infrastructure. Time to change SA tax framework and business model. sarstax EdKieswetter

_Business 'An hike'. Mmm. Grammar.

_Business Steep is a horrible way of labeling a cost of living adjustment to minimum wage

_Business Which will increase inflation. And rising unemployment. And increase in grants. And tax increases. And higher inflation. And higher unemployment. And around we go. Where it stops, nobody knows.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

ESKOM LIVE | Eskom ramps up load shedding after more breakdowns | BusinessAll the latest news and analysis on load shedding, power and the national grid. _Business This is just normal. _Business I dont understand how news outlets and journalists aren't properly investigating whats really going on at eskom. Shocking journalism in SA _Business They think we are stupid, surely
Source: News24 - 🏆 4. / 80 Read more »