The inaugural Annual Bank Conference on Africa examined strategies for converting economic growth into poverty reduction. Taking an economic historian’s perspective, the prospects are complicated by long-term shifts in fundamental patterns, specifically from land abundance to land scarcity and, relatedly, from labor repression to landlessness as the principal source of poverty.
Let's think together: Every Sunday the World Bank in Tanzania in collaboration with The Citizen wants to stimulate your thinking by sharing data from recent official surveys in Tanzania and ask you a few questions.
How much a worker earns for her or his labor is important for different reasons. First, it matters with regard to poverty since labor income counts usually for an important share of households' revenue. Secondly, it influences firms' competitiveness, especially for labor intensive activities such as manufacturing and agriculture. Thirdly, it is relevant for equity as anybody should expect a fair remuneration for his efforts. It is therefore not surprising that wages have attracted a lot of attention from economists and policy makers across the world over the years.