Timmy elsewhereApril 12, 2014 Tim WorstallTimmy Elsewhere1 CommentAt the ASI. Raising the minimum wage will lead to a reduction in the terms and conditions of employment. previousAll hail his noodly appendagesnextOf course feminism means socialism 1 thought on “Timmy elsewhere” Gamecock April 12, 2014 at 1:35 pm 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. Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment Name * Email * Website Save my name, email, and website in this browser for the next time I comment.