"Given the scale of the unemployment challenge, no single policy offers the solution.... What is needed is a comprehensive set of reforms that maximise job creation," Gordhan said in an opinion piece in Business Day, adding that labour market reforms can "directly improve employment by providing flexibility and the right incentives to work, to hire workers, develop skills, and become more productive."
Job creation could be enhanced through policies that improve job searching, job matching, training and entry into the labour market, Gordhan said. It was also crucial to implement reforms to improve the quality of education and skills development, while supporting the poor. "Of course, there must be a credible and sustainable safety net and social protection systems for those unable to adapt or who are in weak bargaining positions," he said, according to Fin24.com
Read the full article on www.fin24.com.
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