Institute of Public Evil: Scrap minimum wage

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Via News:

Low-paid work “provides dignity” and is an “important first rung of the career ladder”, according to a document distributed to MPs calling for the minimum wage to be scrapped.

The parliamentary research brief distributed by conservative think tank the Institute of Public Affairs (IPA) argues Australia’s minimum wage of $19.49 an hour is the highest in the developed world and “undermines work opportunity and job creation” by “removing the entry rung” for young and low-skilled workers.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.