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generates a negative effect on wages and an increase in the unemployment rate--and skilled workers, who benefit from higher … wages and lower unemployment. These changes in the labor market affect the government's revenue, resulting, in the long term …
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Raising South Africa's low employment rate to levels seen in emerging market or advanced economy peers could raise GDP per capita by 50 to 60 percent and reduce income inequality dramatically in the long term. By putting further strain on an already fragile labor market, Covid-19 has raised the...
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