A minimum wage: much too low: what about a cap to executive income?

SOURCE: HSRC Review
OUTPUT TYPE: Journal Article
PUBLICATION YEAR: 2018
TITLE AUTHOR(S): B.Roberts, S.Swartz, A.Cooper
KEYWORDS: INCOME INEQUALITY, MINIMUM WAGE, POVERTY
DEPARTMENT: Democracy, Governance and Service Delivery (DGSD), Education and Skills Development (ESD)
Web link: http://www.hsrc.ac.za/en/review/hsrc-review-sept-2018/a-minimum-wage
Print: HSRC Library: shelf number 10614

If you would like to obtain a copy of this Research Output, please contact Hanlie Baudin at researchoutputs@hsrc.ac.za.

Abstract

The current recommendation for a minimum wage of R3500 for South Africans is far too little. It should be at least twice that. In addition, we should also legally cap the income of company executives. This is according to the majority of people who participated in the HSRC's most recent social attitudes survey. They responded to questions related to a minimum wage and whether there should be a limit to what company heads could earn. These questions were included as part of the HSRC's ongoing work into issues of poverty, inequality and restitution.