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Wages Councils Destroy Jobs
Author(s) -
Marsland David
Publication year - 1984
Publication title -
economic affairs
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.24
H-Index - 18
eISSN - 1468-0270
pISSN - 0265-0665
DOI - 10.1111/j.1468-0270.1984.tb00464.x
Subject(s) - mechanism (biology) , labour economics , economics , public economics , law and economics , philosophy , epistemology
Failure to understand the price mechanism has produced tragic social policies: rent restriction has deprived students and others of furnished rooms; the ‘free’ NHS has depressed expenditure on medical care. And sociologist Professor Marsland argues that minimum wages make the poor poorer.