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5 Liberal Policies That Backfire and Ruin Lives
Townhall ^
| 08/07/2013
| John Hawkins
Posted on 08/07/2013 6:49:59 AM PDT by SeekAndFind
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To: 0.E.O
At the margins, some employees are not worth as much as others. If the price of marginal employees rises, employers have incentives to replace them with fewer more productive workers, or with capital investment.
21
posted on
08/07/2013 9:11:28 AM PDT
by
Lonesome in Massachussets
(Doing the same thing and expecting different results is called software engineering.)
To: Lonesome in Massachussets
At the margins, some employees are not worth as much as others. If the price of marginal employees rises, employers have incentives to replace them with fewer more productive workers, or with capital investment. That's true, minimum wage or no.
22
posted on
08/07/2013 9:13:35 AM PDT
by
0.E.O
To: 0.E.O
Some ships will sink, regardless of the weather. More sink in storms. Minimum wage laws “cull the herd”, they increase the incentives to replace less productive workers.
23
posted on
08/07/2013 9:26:39 AM PDT
by
Lonesome in Massachussets
(Doing the same thing and expecting different results is called software engineering.)
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