ADVISORY PANEL REPORT
Potential disemployment effect of minimum wage carefully weighed
The release of the report by the advisory panel on the national minimum wage (NMW) and the subsequent agreement by the social partners announced by the deputy president has generated important debate about the economy’s future trajectory. There has been much commentary in response. Commentary from an informed, balanced and considered understanding of the issues, with the objective of contributing constructively to the debate, have been positive and negative. There has also been ill-informed, ill-considered and ideologically driven contributions that display a remarkable lack of understanding of the nuances of the labour market. From the left and the right, commentary of this type is characterised by one objective only — without any understanding of the evidence, to "knock" an important set of proposals on the basis of an ideologically driven world-view. Sadly, Ann Bernstein’s contribution (Dramatic change to pay structure will set off dangerous chain reaction, February 10) to the de...
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