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The United Nations Development Programme, the United Nations Economic Commission for Africa, the Organisation for Economic Development (OECD) Development Centre and the African Development Bank have given their joint endorsement of the youth wage subsidy.
The youth wage subsidy was identified as a means to fast-track economic growth and job creation in a recent report entitled the African Economic Outlook 2012 report.
The growing list of endorsements for the youth wage subsidy now includes:
The Democratic Alliance
Black Business Council
Business Unity South Africa
United Nations Development Programme
United Nations Economic Commission for Africa
Organisation for Economic Development
African Development Bank
We also know that a vast majority of South Africa’s youth support the policy, with TNS finding that 77% of young people under the age of 31 supported the idea of implementing a youth wage subsidy.
With every new endorsement, our confidence increases that the youth wage subsidy is the right solution to our youth unemployment crisis; and that we have the support of the vast majority of South Africans to advocate for its implementation.
President Zuma must now exercise executive leadership and simply implement the policy. The longer we wait, the longer our young people will remain unemployed.