Frans Rautenbach will discuss the question of how to regulate for job growth and improving conditions of employment. The common thread that runs through all successful countries is freedom of markets, and, in particular, freedom of labour markets, with the arguable exception of a small group of successful North-European examples that bedevils discussions about the topic in South Africa. In cracking this riddle, Frans makes the following points: Free markets create more jobs, at much higher wages for the poorest 10% of the workforce; All things being equal, the higher the degree of labour regulation in an economy, the higher the unemployment; The higher the union density in a company, industry or economy, the lower the job growth; In South Africa a centralised corporatist system, like those in Norway, Sweden and the Netherlands, will not act as a corrective counteracting labour laws and unions.