Saturday, January 27, 2007

Minimum Wage.

I keep on reading about the minimum wage and the upside and downsides of it. Personally I feel that, like everything else in life, there is both upsides and downsides and we all have different opinions on where the balance is on it.

My view, you knew I had one, was that there should be no minimum wage as such. We should let the market decide.

Part of the reasoning behind that is we already have a minimum wage market. It's the dole. Many people find they can't afford to work because they get too many benefits now. All the minimum wage does is changes the values in that equation and change the financial dynamics to the benefit of the state at the detriment of the companies with minimal changes to the people. It's just another PR tax job like green taxes. On average people will not see a benefit from a minimum wage in what they have to live.


At 3:48 pm, Blogger james higham said...

So, eliminate the dole altogether? Keep the pensions though?

You've sort of being mentioned this evening, too.

At 3:14 pm, Blogger Bag said...

No. What I was saying is that there is no need for a minimum wage.

I do believe the dole and pensions should be changed but only to set the dole up as a safety net not a bed and change pensions so that it is much fairer for those who had the misfortune of doing the right thing and saving.


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