There is a shortage of jobs but no shortage of work to be done in our communities. What would it mean to design a strategy to address joblessness that is centred around the work that needs doing for the common good, rather than focusing only on the work that markets find valuable?
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Pippa Green
Latest Articles
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Innovation has the potential to drive inclusive economic growth and reduce income inequality, yet, in South Africa, persistent gaps in R&D funding, patent accessibility, and unequal skills development limit its benefits. It is imperative for the government to review policy guidelines and make clear funding commitments to promote the equitable uptake of innovative technologies for wealth creation.
The 2025-26 annual Budget has been subjected to an unprecedented degree of interrogation and deliberation.
Education contributes to improving living standards, primarily through the labour market. Using more than 20 years of harmonized microdata, this article shows how the size and nature of the returns to education have evolved in post-apartheid South Africa. Despite a substantial increase in educational attainment, the returns to education have increased. By benefitting lower-wage workers more, this has reduced wage inequality which, nevertheless, remains extremely high.
How has graduate unemployment evolved since 2008? We situate trends in graduate unemployment in the contexts of improved graduation rates, the shifting composition of graduates, the broader labour market, and public expenditure on higher education.
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Editor's Corner
In the latest edition of Econ3x3 we feature two new articles: one measures the effects of the December 2020 curfew instituted nearly nine months after the initial hard lockdown in response to the Covid-19 pandemic; the other is a robust critique of the most recently published batch of Advisory Briefs issued by the Presidential Economic Advisory Council.
The first, by Mahlatse Mabeba, asks whether the curfew imposed just before traditional new year celebrations at the end of 2020 had the desired effect of curbing the spread of COVID-19. South Africa was facing a “sharp surge” in cases during the pandemic’s second wave in December 2020 when the government imposed a strict nighttime curfew combined with an alcohol ban. The move prompted criticism from many quarters – people argued that it was a blunt instrument that targeted many who posed no risk. It also adversely affected informal traders and workers in the hospitality, retail and transport industries.
But measured in terms of the significant drop in infections, Mabeba argues that the short, targeted lockdown achieved its purpose.
Our other piece is a thoughtful reflection on what exactly the Presidential Economic Advisory Council has delivered. The focus of the Advisory Briefs, writes Andrew Donaldson, is more on aspects of the green transition than on some of the pressing employment and investment problems facing South Africa.
Although the green transition is an important long-term issue, the government already has the Presidential Climate Commission to guide policy on this. But more importantly, if the economy continues to falter on growth and employment, we risk not having the resources to deal with the green transition issues in the future.
Pippa Green