Employment and wealth creation Although Johannesburg is creating wealth, economic growth does not automatically translate into a general improvement in the standard of living. It is crucial for an economy to grow at a pace faster than the rate at which the population is growing so that there will be more resources available for each person. In addition, it creates new jobs at a rate that will significantly reduce unemployment over time. Permanent employment in the formal sector is probably the most important factor for sustainable improvement in the standard of living, given the benefits...