Manufacturing could lift decade-long wage stagnation - Report
Friday, May 04, 2018
LSI represents the share of overall national income or GDP paid to employees in the form of wages or related social contributions or benefits financed by employers. As Botswana grapples with high inequality, more attention is being paid to the way in which income generated in the economy is divided between wages (return to labour) and profits (return to capital).
According to Econsult’s first quarter economic review, LSI in Botswana has been sliding over the years, being recorded at 56.1% in 2004 and 36.4% in 2015. The indicator reached its lowest level at 34.9% in 2014.
The Ministry of Agriculture, local producers, retailers, and industry associations must work together to overcome the obstacles hindering vegetable production and distribution.This collaborative approach is essential to improve the availability, quality, and affordability of vegetables in the market.Firstly, the Ministry of Agriculture should provide support and guidance to local farmers to enhance their productivity and efficiency. This could...