Youth wage subsidy: Good or Bad?

We also spoke to André Botha - An economist from Economists.co.za. He was speaking to us about government’s R5 billion youth wage subsidy for the unemployed which resulted in a violent stand off between the DA and Cosatu on Tuesday in Gauteng. The R5 billion youth wage subsidy for the unemployed announced by Finance Minister Pravin Gordhan last year was due to be implemented last month but Cosatu's refusal to discuss the policy has resulted in its delay. In the policy, a company employing a worker between 18 and 29 years old would receive 50% of the worker's salary back from the taxman, provided the worker earned less than the personal income tax threshold, which was raised from R57, 000 a year to R59, 750. But Cosatu is arguing that the subsidy would exploit workers and result in companies retrenching older workers in favour of cheaper labour. Do you think it is a good or bad idea from the government?

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