IMF research links wage growth and unemployment in South Africa
A working paper published by the International Monetary Fund says the recent increase in unemployment in South Africa can be linked to wage rates rising faster than productivity.
Author Nir Klein views the financial crisis as a contributor to the unemployment rate rising, but adds that the link between the growth in real wages and productivity growth was a key contributor to the rising unemployment rate.
The author concludes that an analysis of other labour markets shows a similar trend to that
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