In: Economics
Write an essay on the dimensions of, reasons for, and possible solutions for chronically high unemployment in South Africa
Unemployment in south Africa is high or it is above 20 %, it is one of the highest in world. it is matter of worry for policy makers. Unemployment rate in South Africa is further associated with poverty and inequalities. Myriads of policies have failed to correct or address problem of unemployment.
Following are possible causes of unemployment in south Africa:
Above reasons must be addressed appropriately to increase job opportunities. Government must increase level of education and it should be restructured. Government must make investment on such sector where employment elasticity is high.