Timmy elsewhere

At the ASI.

Raising the minimum wage will lead to a reduction in the terms and conditions of employment.

1 thought on “Timmy elsewhere”

  1. Government pushing in a balloon.

    Government refuses to look at labor as a commodity, subject to market forces.

    Another phenomena related to wage increase:
    I was management in a factory in the 1970s. When a suggestion was made on improving operations, we would compare the expected result with the cost. If the improvement wouldn’t cover the cost of capital, we’d reject the idea.

    Proposals that were close, we’d file. Every time there was a wage increase, we’d pull out the folder and reassess the proposals. Increases in wages did trigger investment that eliminated jobs.

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