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The Forum > Article Comments > Australia’s high minimum wage costs jobs > Comments

Australia’s high minimum wage costs jobs : Comments

By Sebastian Tofts-Len, published 6/7/2021

Even the FWC, by delaying wage increases in industries most affected by lockdowns, has given some acknowledgement that their latest decision poses risks to small businesses.

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ttbn. THINK! If those small businesses were co-ops no union could affect them! And if all small businesses were co-ops including whafies etc? They never ever would ever again and with that cooperative capitalist system installed we'd get the double whammy of eliminating the profit demanding paper shuffling middleman and one dollar made to do the work of seven in the local economy, via the usual ecnomic flow on factors!

Think a bit more and understand if you're still able/ WHEN THE ENERGY BILL IS HIGHER THAN THE WAGES BILL? THE ENTERPRISES ARE ROOTED!TBC
Alan B.
Posted by Alan B., Tuesday, 6 July 2021 11:54:29 AM
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AlanB,

"Think a bit more and understand if you're still able".

Thanks for the insult. You save others from pointing about what an old fool you are.
Posted by ttbn, Tuesday, 6 July 2021 12:17:59 PM
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Treasury is already talking about a 235,000 influx of immigrants per year after covid (whatever that is), so greedy, lazy Australians might not have jobs or wages to moan about for much longer.
Posted by ttbn, Tuesday, 6 July 2021 2:40:26 PM
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The name suits; Well written by a Toff. Obviously one by name and nature.

Dan
Posted by diver dan, Tuesday, 6 July 2021 3:15:56 PM
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Very sensible article. It is the most basic rule of economics that if you increase the price of something (labour) you will decrease the demand for it. The price of this policy falls on the young and the unskilled. If the mandated price of labour is less than the productivity that can be extracted from that labour then the person will not have a job. What employer would take on someone at a loss? Young people tend to have few skills. However, once they have a job they will soon develop valuable skills and will no longer need to work for minimum wage. If they don't get that initial opportunity they will remain welfare dependent their entire lives. The vast majority of the population earn much more than the minimum wage, yet we all started on it. Get rid entirely and we'll all be better off.
Posted by Rhys Jones, Tuesday, 6 July 2021 3:35:23 PM
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I think there is a civil rights argument for getting rid of the minimum wage too. The government does not own me and should not be able to prevent me from working simply because I don't have the necessary skills to be worth the minimum wage. It's all right for lawyers working for unions to make these claims but what about the disabled person who is kept out of the workplace because they are not productive enough to be worth $20/hour? Or the retired person who is no longer fully productive but still might be worth $15/hour to an employer. Should they be denied the opportunity and benefits of paid employment and the dignity it creates?
Posted by Rhys Jones, Tuesday, 6 July 2021 3:42:31 PM
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