A THEORETICAL PERSPECTIVE ON A MINIMUM WAGE IN SOUTH AFRICAN AGRICULTURE

Most economists agree with the proposition that a minimum wage set above the market clearing equilibrium wage will cause unemployment. What happens when a minimum wage is set below the equilibrium wage is, however less clear. This is partly because the literature shows that the effect of a minimum wage will depend on the reason for its implementation. The literature also shows that the effect of a minimum wage depends on a range of macro level considerations. In this paper the international literature on the effects of a minimum wages is reviewed, and lessons are drawn for the implementation of a minimum wage in South African agriculture.


Issue Date:
2003
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/246012
Published in:
Agrekon, Volume 42, Issue 1
Page range:
49-59




 Record created 2017-04-01, last modified 2017-04-28

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