Amicus statement : jobs cause poverty
Or in full, "The union is also calling for the removal of the lower rates of pay under the National Minimum Wage for workers under 22, which causes confusion, poverty and exploitation".
Savour that if you will - the concept that poverty is caused by jobs. And there was I thinking that a rational person will choose a job over not having a job as it should (Broon's meddling nothwithstanding) make him or her better off.
While doubtless someone under 22 would prefer to be paid more, and who would not?, younger workers inevitably have less experience than their elders, and if minima are equalised an employer has a disincentive to hire them. From my own experience as a one-time would be trainee solicitor, minimum wages set above the value that an employee has to an employer results in the destruction of job opportunities.
Savour that if you will - the concept that poverty is caused by jobs. And there was I thinking that a rational person will choose a job over not having a job as it should (Broon's meddling nothwithstanding) make him or her better off.
While doubtless someone under 22 would prefer to be paid more, and who would not?, younger workers inevitably have less experience than their elders, and if minima are equalised an employer has a disincentive to hire them. From my own experience as a one-time would be trainee solicitor, minimum wages set above the value that an employee has to an employer results in the destruction of job opportunities.
Labels: Sane economics, Unions
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on Tuesday, June 19, 2007 at 10:42 am.
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Maybe there is a disincentive to employ inexperienced workers; on the other hand there does seem to be a substantial number of employers who are happy to "let go" experienced operators - ie those of say 50-ish years of age and thus earning a reasonable salary - for the youngsters who can be had a for a relative pittance. Or is that just an old wife's tale?
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