1. Stat-o-Sphere: Less labour, more capital

Stat-o-Sphere: Less labour, more capital

Stringent labour laws contributed to a decline in labour intensity over time.

Published: December 5, 2014 1:25 AM

Stringent labour laws contributed to a decline in labour intensity over time. In fiscal 2012, a dozen workers were required to produce R1 million of real GDP in labour-intensive manufacturing sectors, much below the 20 required in fiscal 2000. Nearly half the production in labour-intensive sectors is in the unorganised sector.

graph-labour

Tags: Labour Laws
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