UK Liberty

Good question!

Posted in accountability, politicians on liberty, state-citizen relationship by ukliberty on May 28, 2008

Raedwald (hat-tip Stumbling and Mumbling):

How much would you pay for a job that required no formal skills or qualifications and no previous experience, and for which there is no shortage of applicants to work at any wage? Classical economics suggest that when demand is fixed – at 648 or so jobs – but supply is in the tens of thousands, that the wage will fall to the minimum at which people are prepared to be paid. …

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