KHAYA SITHOLE: Guts needed to correct the imbalance between good intentions and affordability
GDP has not grown fast enough to support social wage demands, so drastic remedies are called for
SA’s complicated architecture of social and economic relations is best captured by the fragile balance between low economic growth, a plateauing taxpayer base and the social wage.
The social wage — encompassing direct transfers such as pensions and grants, and indirect assistance such as subsidised school nutrition programmes, which collectively seek to lower the cost of living for those who do not earn an economic wage through formal work — represents a significant portion of the country’s annual expenditure...
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