55% of working South Africans earn less than R10,000 (US$891) a month - 13% earn less than R4,000 (US$356).
In Sept 1994 your R10,000 was worth US$2,813, today it is worth only US$891, but economists are trying to convince us that we're making progress and that our living standards had improved.
This is like Zimbabwean economists bragging that half of their working population are now earning 10-million Zimbabwean Dollars per month.
The total value of salaries paid out in South Africa amounts to just R44.8 billion, which is the equivalent of US$4,347-billion.
What could the total salary package of all working South Africans buy with thier US$4.3-billion?
The U.S. Centers for Disease Control (CDC) have an annual budget of over $4 billion to purchase vaccines from drug companies.
Facebook bought WhatsApp for $19 billion. "Facebook (FB) said it will pay WhatsApp $4 billion in cash and $12 billion in stock. WhatsApp's founders and staff will be eligible for for another $3 billion in stock grants to be paid out if they remain employed by Facebook for four years."
All working South Africans combined could only buy the vaccines for the U.S. CDC and only give the cash deposit to buy Whatsapp.
If you wanted emigrate to the U.S. with R10-million in your back pocket, you would arrive in America with just US$890,718.
Liberals and economists call this "progress"
More than half of working South Africans earn less than R10,000 a month