Posted tagged ‘Employment’

Does Government Create Productive Jobs?

June 10, 2013

In order for our economy to operate at it’s optimum level, the arbitrary interventions by Government have to stop. Government can’t create productive jobs, they can only create make work jobs. These jobs are consuming our most scarce resource, labor. Let the market decide what labor is the most productive, don’t allow the Government to make decisions that are yours alone to make. Government doesn’t have enough knowledge to make the right decision on what the consumer wants.

Watch this short video by Steve Horwitz at Learnliberty.org. as he talks about productive and non productive jobs.

Minimum Wage Laws Create Unemployment.

February 25, 2013
Economic theory suggests an excessive minimum ...

Economic theory suggests an excessive minimum wage may raise unemployment as it fixes a price above demand for labour, although a reasonable minimum wage enhances growth because when poorer workers have more to spend it stimulates effective aggregate demand for goods and services. (Photo credit: Wikipedia) Read about what is in bold print below.

MINIMUM WAGE RHETORIC

In the State of the Union address, the President called for the minimum wage to be raised to $9 an hour. Politicians who propose minimum wage laws are trying to gain the moral high ground on the “morally inferior” people who oppose these laws, they are not trying to help low wage low skill workers. These politicians think that making a law mandating employers pay their employees higher wages, will fool the public into thinking they are morally superior to their opponents. They prey on the emotion of the public and hope the public will not analyse what happens when wages are set higher than they would be under unhampered market conditions. Unfortunately the consequences of the legislation turn out to be different from the utopian promises that the public, and the media, so desperately want to believe can be delivered.

MINIMUM WAGE REALITY

Labor is supplied on the market like any other good, but the public has been brainwashed by Marxist propaganda to believe that an individuals labor is special, and should not be subject to the morally neutral forces of supply and demand. (more…)