CDE Supports Govt’s Proposed Wage Subsidy

South African think-tank, the Centre for Development and Enterprise (CDE) has thrown its weight behind National Treasury’s proposed wage subsidies for the youth.

CDE executive director, Ann Bernstein, points out that her organisation supports the government in implementing the new wage subsidy, adding that, “In an imperfect world we would say it would be a tragedy if this modest experiment were to be abandoned.”

In a report released outlining the potential benefits of the subsidy programme, Bernstein argues that the CDE sees the plan as one which works to directly address what it sees as a root cause of the country’s high levels of unemployment – the relatively high cost of employment.

To read the article titled, “Plan for SA’s jobless youth,” click here.