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Friday, January 27, 2006

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Jonn

The minimum wage debate - like that about the minimum level of unemployment the economy can sustain before inflation starts rocketing - always strikes me as vaguely unsavoury. When did you last see someone who wasn't a banker, economist or columnist - someone who was actually in serious danger of working for under £5 an hour - arguing that a minimum wage was a bad thing?

I know the economic logic behind it, and know there are good arguments against it being set too high. But it's one of those debates where you have to be careful not to sound, in every sense of the term, mean.

(Excellent blog though.)

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Business has been under seige of one policy after another to undermine their business by increases in their overhead by taxes, red tape and business disruption. Whilst during the boom years this burden could be tolerated. As soon as the boom slowed the businesses collapsed.

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I know the economic logic behind it, and know there are good arguments against it being set too high. But it's one of those debates where you have to be careful not to sound, in every sense of the term, mean.

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