A larger pool of educated workers will reduce salaries and promote opportunities
SA is competing with the whole world for skills, so comparing what an employee with a good education earns with the SA economy or SA workers is simply not relevant. When it comes to manufacturing, those jobs have departed worldwide for Asia, so again there is no point in reducing salaries in SA to be competitive.
The answer lies in proper education and skills development. This will provide a much larger pool of employees with the required skills who can then assist with increasing our competitiveness. More competition among skilled workers for jobs will naturally result in a reduction in the salaries of such workers while making SA more competitive.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: