Good news from Britain, with headway on extending the minimum wage to 16 and 17 year olds. A victory for the minors who work hard and deserve full compensation, and for working adults whose bosses will have a harder time undercutting them by pitting them against a pool of lower-paid kids. What's the opposition argument? Matthew Knowles, of the British Chamber of Commerce, criticised the move, saying: "We are worried about business having their hands further tied by red tape when they should be looking after their customers." Damn that government red tape, standing (sometimes) in the way of sweatshop labor, child labor exploitation, indentured servitude, and other entrepeneurial pursuits.
Labels: economics, labor, regulation
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