My fellow columnist, the inestimable Jonny Steinberg, is dismayed at the binary way in which the debate over a basic income grant is being conducted in SA, where the choice is being framed as one between more welfare or more job creation (“Unemployment is here to stay: that should be our starting point (,” July 29).

His argument is that SA has little choice but to extend welfare (or some other form of redress), since unemployment is deeply structural. He notes that even at the end of the commodity supercycle in 2008, SA’s unemployment rate only dropped to 22%, so it’s crazy to think we will ever eradicate unemployment through faster growth...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.