Answer to Question #238309 in Microeconomics for TSHEPI

Question

 the impact of the South African economy’s global integration on supply and demand mismatches in the labor market, consequently discussing what this entails for wage inequality levels within the country?

Answer 1

The global integration has created believe of low chances within the labor market. Companies have highly focused on digital implications to reduce workers and fasten process within the workforce. Especially the low-skilled workers, such people find difficulties in finding jobs, believing that the companies are more into skilled group. This tends to discourage unemployed people from seeking for better jobs as they look for the low wage opportunities, which do not require more skills.