http://www.telegraph.co.uk/news/996...bs-or-damage-economy-Government-suggests.html
Hurray, eventually someone has begun to suspect that minimum wages, indeed any fixed price system becomes faulty if the price is set above the rate employers can afford to pay, based on market demand.
As workers pay- in all but the public sector where pay rises have been enormous- is frozen and inflation makes it ever less, then the minimum wage begins to have an impact on the economy by preventing wages falling further and employment increasing. Eventually, if the state stops its money pumping antics we might see prices fall in line with falling wages as the economy repeats itself. Just get rid of the massive state overspending, high taxation and the fudged interest rate and we can get back to making the economy better, everyone wealthier and less dependent on the state.no need to vote for massive state spending if you no longer need it.
Hurray, eventually someone has begun to suspect that minimum wages, indeed any fixed price system becomes faulty if the price is set above the rate employers can afford to pay, based on market demand.
As workers pay- in all but the public sector where pay rises have been enormous- is frozen and inflation makes it ever less, then the minimum wage begins to have an impact on the economy by preventing wages falling further and employment increasing. Eventually, if the state stops its money pumping antics we might see prices fall in line with falling wages as the economy repeats itself. Just get rid of the massive state overspending, high taxation and the fudged interest rate and we can get back to making the economy better, everyone wealthier and less dependent on the state.no need to vote for massive state spending if you no longer need it.
Last edited: