Saturday, 29 January 2011

Is your "suffering" real ?

Oh this is a gem. Gets the Rooster stamp of approval.

The following article appeared as the editor's note in the latest 'Your Money','s weekly personal finance and property newsletter. If you'd like to receive it, send a mail to the editor requesting your addition to the mailing list.)

I've had it with white folk who moan about affirmative action, BEE and how government policies are impoverishing white people.

According to an article in Rapport written by Frans Cronje of the South African Institute of Race Relations - a leading research organisation that is wholly independent of government and all political parties - unemployment among whites is around five percent. Contrast this with the national average of just over 23 percent or that of black people who suffer a jobless rate of 28 percent (or the USA's of almost 10 percent, or Ireland's of around 14 percent, or the UK at about eight percent, etc.).

Black South Africans are earning around 235 percent more in real terms than they did in 1996, but did this wealth come at the expense of white South Africans as many are claiming? Today, white South Africans earn about 217 percent more than they did in 1996, in spite of the fact that this growth is coming off a much higher base.

Today, white South Africans earn, on average, roughly six times more than black South Africans. Roughly 13 percent of adults in South Africa are white, but they account for more than 70 percent of those who earn more than R500 000 per year.

The percentage of poor white South Africans has doubled since 1994 - it now stands at 3.6 percent - but compare that to the 49 percent of black South Africans who are poor and you see where I'm going with this.

White South Africans, on average, have vastly higher incomes and living standards than black South Africans. White people have not become poorer since the advent of democracy; in fact, they're much wealthier and have more chance of finding employment than, say, the average New Zealander.

Why do people feel oppressed when clearly they're not? Why do people perceive their lot as so terrible when others have it so much worse?

I'm sick of going to a braai, eating thick steaks and drinking fine wine, and having to hear how tough "we" have it and, oh ja, check out this larney new BlackBerry.

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