1,3m SA blacks earn more than average white income
14 February 2012 Leave a comment
The average white person’s income in South Africa rises at 5.3% per annum — vs 14.9% for blacks
13 Feb 2012 – Loane Sharp writes: Currently 1.3 million blacks (14% of the black workforce) earn as much as or more than the average white, up from 270,000 in 2000 – an increase of more than 1million, or 378 % (see figure). And after-inflation incomes have risen sharply, from R44,431 per year in 2000 to R61,645 per year in 2011 – a real increase of 39%, or a respectable 3.3% per year.
Most of these black high-earners work in the civil service… with the ‘managerial bloat’ in government employment soaring from1m to 1.24-m and blacks now representing 74% of all civil-servbice workers … entire analysis
“The SA economy created 80,000 jobs in January, representing annualized growth of 5.0% over the previous month. Nonetheless, the economy is still 420,000 jobs short of the peak employment level observed prior to the 2009 global financial crisis.
Temporary workers now are 3.87m – 30.1% of workforce:
All employment contract types reported gains in employment, notably temporary work (+7.1%) and agency work (+8.0%). Temporary work now represents 3.87 million workers or 30.1% of the workforce.
All sectors of the economy reported gains in employment, notably wholesale and retail trade (+13.6%), transport and logistics (+8.8%) and government (+3.1%).
All occupational categories reported growth in employment, but high-skilled categories (management and professionals) reported the strongest growth (+4.7%), reflecting the economy’s ongoing reorientation toward high-skilled positions. Clerks, service workers and sales and marketing staff reported strong growth (+8.0%), reflecting the relative economic buoyancy of the consumer sectors of the economy.
This month, we look at two notable personal income trends: rising real incomes and narrowing racial income disparities.”
Racial income-inequality has dropped sharply:
Over the past decade, two important personal income trends have emerged in South Africa. Income inequality between the races, especially between blacks and whites, has declined sharply.
1. In 2000, the average black South African earned 15% of the average white South African’s income, whereas in 2011, a typical black person earned 40% of a typical white person’s income.
2. Currently 1.3 million blacks (or 14% of the black workforce) earn as much as or more than the average white, up from 270,000 in 2000 – an increase of more than 1 million, or 378% (see figure). And after-inflation incomes have risen sharply, from R44,431 per year in 2000 to R61,645 per year in 2011 – a real increase of 39%, or a respectable 3.3% per year.
This is a summary – ENTIRE ANALYSIS ON http://www.politicsweb.co.za/politicsweb/view/politicsweb/en/page72308?oid=279822&sn=Marketingweb+detail&pid=90389