26 April 2006
Minimum wage, maximum folly
About a fortnight ago, Mrs. Williams alerted me to an episode of Oprah Winfrey's show titled "Inside the Lives of People Living on Minimum Wage." After a few minutes of watching, I turned it off, not because of the heartrending tales, but because most of what was being said was dead wrong. Let's look at it.
24 March 2006
Raising Minimum Wage a ‘Cruel Hoax’
“One Dollar More” campaign would lead to more unemployment
“Basic economics says that wages are tied to worker productivity,” Cordato said. “Forcing employers to pay ‘one dollar more’ would also force them to turn away more unskilled workers who couldn’t be productive enough to earn one dollar more.”
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(2 marks)
