Where The Madness Of Thinking That Economics Actually Matters Leads You
From the BBC -
"The Conservative party is examining ways to raise the national minimum wage, BBC Newsnight has learned.
Measures being considered include offering tax breaks to companies paying a wage level higher than the current national minimum of £6.19 an hour."
For political reasons, the party of free enterprise cannot be seen to advocate an increase in the minimum wage; instead, every taxpayer in the country may be called upon to subsidise, through the tax system, employers who pay more than minimum wage.
Economics is bad science and worse religion, and this sort of guff is what it's all about. Really, let's just forget about it.
'Give us this day our daily bread' works just fine for me, and it's often heartening to be reminded why.