virus: Re:Minimum wage

From: Kharin (kharin@kharin.com)
Date: Mon Oct 27 2003 - 02:57:57 MST

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    "[Lucifer] That isn't surprising considering the minimum wage only removes employment opportunites from the non-skilled and the poorest of the poor."

    For the most part that doesn't seem to be the case. Certain industires like private security certainly seemed to face problems but these do not seem to be primarily related to the minimum wage. More to the point, many of the industries where one would expect to see the above scenario do not show any signs of it. The service sector is an obvious example and this has been the strongest area of the UK economy since the introduction of the minimum wage. Another example is residential care, where a study by the London School of Economics found that while there was some impact on the number of hours worked and some jobs were cut, employment in the sector increased from 220,000 in 1994 to 330,000 in 2001. As I recall, a study led by a Director of the Confederation of British Industry found no evidence of any direct impact on employment or business.

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