Wednesday, May 25, 2022

Inequality Safari

A study of two university graduate groups from Rhodes and Fort Hare suggests the way job seekers obtain employment can differ by race.

If different races predominantly obtain employment differently, can this be an indicator that wages are negotiated differently, not fairly, thereby contributing to growing income inequality?

Shades of Pay

The labour market in South Africa is the largest contributor to income inequality yet employers face no consequences for their conduct.

While laws are in place, no regulations to enforce correct conduct are being instituted for job seekers or workerS in the process of negotiating wages.

We should stop referring to inequality as if it’s inevitable, as opposed to eradicable.

Leonie Hall, PaySlipBanSA (Founder)

Unfair employer power is termed Monopsony power

This is when employers try to control workers and wages within labour markets.

South Africa’s Competition Act and Constitution enshrine fairness and equal power in labour markets.

The Competition Commission of South Africa refuses to include monopsony power in labour market analysis, thereby purposefully obstructing a basic Competition Law requirement that owners (employers), consumers and workers interests are equal.

The labour market (could be termed Slabour Market) is dominated by employer and consumer interests to the detriment of workers – income inequality is evidence of this.

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