Why would anyone want to subsidize loss making industries?
Because short-term profit isn't everything.
Why would anyone want to subsidize loss making industries?
Oh come on, it's like being asked whether you want to be blinded, castrated or tickled by feathers for a few minutes.
Oh come on, it's like being asked whether you want to be blinded, castrated or tickled by feathers for a few minutes.
Because short-term profit isn't everything.
Any thoughts from my fellow Liberals which way they're planning to vote?
Much the same. Another party might even catch my eye, depending.I'm witholding judgement until I see the respective manifestos.
For Enewald, eternity in the company of Beelzebub and all his hellish instruments of death would be a picnic compared to five minutes with Grimond and his policies.
Where do subsidies come into calculation?
I'm witholding judgement until I see the respective manifestos.
*Caesaropope coughs loudly and winks at him*Much the same. Another party might even catch my eye, depending.
I want to hear more about Gaitskell and this revamped Labour Party! This Liberal bias in the media is sickening!
Competition is always in the best interest of the customer. Minimum wages prohibit free competition, and the higher wages are paid by consumers, who have to restrict their consumption, or switch to consuming other cheaper products. That is why more and more people switch away from domestic goods to buying cheaper exports.
Every acting human being can participate in the market and earn as much wage as they supply the market with their labour is worth for.
Minimum wages also hurt people who are unemployed because the worth of their labour is under the minimum wage. Employers cannot hire them, pay some arbitrary minimum wage and stay on the markets without going bankrupt.
Therefore open immigration and competitive wages with no discrimination allowed, no monopolies and no monopsonies should be allowed to cause mischief for the common man.
:rofl:
Industries whose needs cannot be met by the free market and yet for reasons of prime importance cannot be allowed to go to the wall. For instance, the British Nuclear Programme.
I assume you'll be recrossing the floor?
Nuclear military program, or the production of energy?
Unrestricted wage competition when the supply of labour exceeds the demand for positions is patently not good for consumers as a whole. Under such a system, a number will be unemployed and therefore unable to benefit from any theoretical access to the markets, while those that do take a job will be unable to demand a fair price for their labour.
A labourer should not he able to say how much his or her time is worth, as they would undoubtedly overvalue themselves. Equally, however, employers would undervalue them as their desire is to secure the lowest possible cost base, and thereby increase margin. Large scale immigration would ensure that if person A refuses the terms offered, persons B through Z would be available.
This is why is some matters we need an independent arbitrator to set a floor on this batter between employer and employee. Neither company nor worker is qualified to declare what a basic unit of human labour is worth, and this is why the state must legislate a minimum wage.
I let a wiser man speak against minimum wages;
https://www.youtube.com/watch?v=kJb6xApapis&feature=player_detailpage#t=3578
At 59.30. You need to listen only 2-3 mins.
If A refuses the terms, B to Z will benefit from the situation as they otherwise would be in a poorer situation with no job.
But companies to define how much the human labour of different individuals is worth, that is the whole concept behind paying people wages!
The state cannot know, nor does acquire enough information about how different individuals should be paid different 'minimum' wages, which will lead to inefficiencies.
But I am not advocating different minimum wages - there is no link to sector or employment specifics.
I'm arguing there ought to be a floor price on human labour of any sort - below which lies the realm of exploitation of slavery.
And YouTube videos are a few decades ahead of this AAR's timeframe, no matter how well Tommy's research has been going