Posts Tagged minimum wage

Minimum wage increases to shrink / National average rise estimated at 6, yen down from 15 yen in fiscal 2010 : Business : DAILY YOMIURI ONLINE The Daily Yomiuri

A step in the right direction, but is it for the right reasons?

A government advisory panel on Tuesday decided increases in hourly minimum wages this fiscal year should range from 1 yen to 18 yen depending on the prefecture.Under the proposal, the rise in fiscal 2011 would stand at a national average of 6 yen, a significant drop from 15 yen the previous fiscal year, according to a Health, Labor and Welfare Ministry estimate.The subcommittee of the Central Minimum Wages Council, an advisory panel to the labor minister, concluded that it would be difficult to greatly increase minimum wages because a number of companies, especially in eastern Japan, have been seriously affected by the March 11 disaster, which has been compounded by restrictions placed on electricity usage this summer.If wages are raised within the panel’s proposed range, the national average hourly minimum wage is estimated at 736 yen.

via Minimum wage increases to shrink / National average rise estimated at 6, yen down from 15 yen in fiscal 2010 : Business : DAILY YOMIURI ONLINE The Daily Yomiuri.

This quote suggests that it is accepted that minimum wage laws damage companies’ profits and hinder their competitiveness:

The subcommittee of the Central Minimum Wages Council, an advisory panel to the labor minister, concluded that it would be difficult to greatly increase minimum wages because a number of companies, especially in eastern Japan, have been seriously affected by the March 11 disaster, which has been compounded by restrictions placed on electricity usage this summer.

So to give a boost to Tohoku companies, they won’t require them to raise the minimum wage. So if one wanted to give a boost to the entire Japanese economy, one should…

(Why minimum wage hurts the very people it is supposed to help? Visit www.mises.org and search for “minimum wage laws”. You could also start here:

[yframe url=’http://www.youtube.com/watch?v=zMMN3UIQmEk’]


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Mark Wadsworth: Philip Davies and reported speech

A good example of what English Secession wrote the other day, about how emotional appeal usually beats reason: “he wants to exploit the handicapped!!” takes less than 5 seconds to say, whereas explaining why and how the minimum wage creates unemployment takes rather longer (and the other party has to be listening, not always a given). Below, Peter Schiff explains how the minimum wage law destroyed the economy in American Samoa, something actually admitted to in a throw-away line in the liberal “60 Minutes” documentary.

The MSM and various ‘charities’ are up in arms about the fact that Philip Davies said that the disabled are second class citizens who should work for less than the National Minimum Wage etc etc. blah blah blah.

Only he never said either of those things, did he? Philip Davies simply stood up in Parliament and reported what other people had said to him.

via Mark Wadsworth: Philip Davies and reported speech.

Here’s the video of Philip Davies and his subsequent interview:

[yframe url=’http://www.youtube.com/watch?v=TunbihVFBHA’]

And here’s the Peter Schiff video on American Samoa and how it’s economy was eviscerated by the minimum wage law:

[yframe url=’http://www.youtube.com/watch?v=_LaPGIIAyk4′]


I recommend the following digital products: WP GDPR Fix, a WordPress plugin that quickly and easily helps you make your WP blog GDPR compliant. Brett Kelly's "Evernote Essentials", Dan Gold's $5 guides to Getting Everything Done with Evernote and Springpad, and DocumentSnap Solutions' Paperless Document Organization Guides. Be sure to try DocumentSnap's free email course on going paperless first before buying his products. Sign up for it on his homepage.
Disclosure of Material Connection: My recommendations above are “affiliate links.” This means if you click on the link and purchase the item, I will receive a commission. Your cost will be the same as if you order directly. I only recommend products or services I use personally and believe will add value to my readers. This disclosure is in accordance with the Federal Trade Commission’s 16 CFR, Part 255: “Guides Concerning the Use of Endorsements and Testimonials in Advertising.”

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