Minister of labour, Thulas Nxesi, has gazetted South Africas new minimum wage which will take effect from 1 March 2020. The gazette states that the new national minimum wage is R20.76 – an increase of 3.8%. Adapted from: https://businesstech.co.za/news/government/374920/6-planned-laws-that-government-hasjust-announced-for-south-africa/ Accessed: 21/02/2020 Provide a discussion on the welfare effect of the above, that illustrates the case for when the above results in unemployment in the market for domestic workers as well as a case for when the above has no effect on the market for domestic workers. Use a diagram to support your discussion.

Minister of labour, Thulas Nxesi, has gazetted South Africas new minimum wage which will take effect from 1 March 2020. The gazette states that the new national minimum wage is R20.76 – an increase of 3.8%. Adapted from: https://businesstech.co.za/news/government/374920/6-planned-laws-that-government-hasjust-announced-for-south-africa/ Accessed: 21/02/2020 Provide a discussion on the welfare effect of the above, that illustrates the case for when the above results in unemployment in the market for domestic workers as well as a case for when the above has no effect on the market for domestic workers. Use a diagram to support your discussion.

EBK HEALTH ECONOMICS AND POLICY

7th Edition

ISBN:9781337668279

Author:Henderson

Publisher:Henderson

Chapter12: Medicare

Section: Chapter Questions

Problem 2QAP

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