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Anti-migrant anger in South Africa sparks fears of economic blowback | The Daily Star
Anti-migrant protests in South Africa are driving thousands of foreign workers to leave the country, but economists warn this could create acute labour shortages in construction, agriculture, delivery and other sectors that depend on migrant labour, worsening economic output.
The Wire takeaway
If you supply to South African construction, agriculture, or logistics, your labour cost and availability just inverted. The informal workforce your contractors depend on is leaving now, and replacement hiring at local wages will crush unit economics within three months.
Read the full story at thedailystar.net →
Topics: labour-shortage · migration-policy · supply-chain · informal-economy · economic-shock