minimum wage

No Difference Between Pay Equalisation and Minimum Wage Legislation

Posted on March 12th, 2010 in artificial minimum wage, aus, aussie dollar, cent, employee, Market News, micro cap, minimum wage, Money Weekend, pay equalisation, perth, price of labour, wage, wage rates

Perhaps even if you still don’t agree with our arguments about minimum wages and pay equalisation, maybe you can agree that artificial interference in the market by governments only tends to create another problem while claiming to solve one problem.
We’ll bang on about it for one last time today. If you’ve had enough already [...]

Tags: , , , , , , , , , , , ,
Read post Add your comment

Australian Economy Continues to Grow, Grow, Grow

Posted on March 09th, 2010 in ABS, AFR, aus, aussie dollar, Australian Bureau of Statistics, Australian economy, cent, economic recovery, Enron, excessive credit, female employee, mainstream economics, male employee, Market News, micro cap, minimum wage, pay equalisation, perth, Professor Walter Block, subprime, unemployment

A quick follow on from yesterday’s Money Morning. We like this quote we’ve found from Professor Walter Block:
“Consider a man and a woman each with a productivity of $10 per hour, and suppose, because of discrimination or whatever, that the man is paid $10 per hour and the woman is paid $8 per hour. [...]

Tags: , , , , , , , , , , , ,
Read post Add your comment