Tom L. wrote: >If anyone has a op-ed on the Right to work for less---I can get it >considered for publication in a respected medium sized Ohio newspaper. >Please, let me know. Here's the neo-classical correct line from "The Economics of Minimum Wage Legislation" George Stigler, American Economic Review, 1947: "Incomes of the poor cannot be increased without impairing incentives. Skillful policies will, for a given increase in the incomes of the poor, impair incentives less than clumsy policies. But the more completely poverty is eliminated, given the level of intelligence with which this is done, the greater will be the impairment of incentives." .. . . "The threat of unemployment may force the inefficient laborers to work harder (the inducement of higher earnings had previously been available, and failed), but this is not very probable. These workers are already driven by the sharp spurs of poverty, and for many the intensity of effort must be increased beyond hope (up to 50% or more per cent) to avoid discharge." regards, Tom Walker http://www.vcn.bc.ca/timework/covenant.htm
