Celebrating humanity's flourishing through the spread of capitalism and the rule of law
04 Feb 2016 Leave a comment
in labour economics, labour supply, minimum wage, unemployment Tags: living wage, rational irrationality, teenage unemployment, The fatal conceit
The Dutch minimum wage increases with every birthday until the age of 23. Not surprisingly, there is a surge in job losses and a recession in hiring around birthdays. What is even worse is employment opportunities are redistributed from a group with a high rate of unemployment, teenagers and young people, towards prime age adults who have a much lower rate of unemployment.
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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