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Ross J Warren

We have a minimum wage in the UK and it is a bad thing. It has caused wage stagnation, because it is possible to get semi and even skilled labor for peanuts. At the other end of the spectrum it forces the low skilled onto unemployment benefit, as employers source illegal and immigrant workers.

The government also has no choice but to give subsidies to the employed who cannot support themselves and a family on wages that are minimum in every respect. As a result our deficit increases for every minimum wage job that is created.

Like most socialist ideas it traps people in a dependency cycle with the government.
Of course the moment a down turned came, it became impossible for people to price themselves into work. As a result our recovery is even more sluggish than usual.

Minimum wages are a bad idea as they hurt just about everyone.

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