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Being the type compassionate souls Americans are, we get tricked into believing things because we want them to be true. Wages, jobs, and poverty are passionately debated and exceptionally prone to optimistic misinformation and logical fallacies. Minimum wage and the notion of a "living wage" are examples of just that. They sound useful and nice, but in practice they do much more bad than good. They displace jobs and discourage hiring, trigger increases in cost levels, plus they don't assist the......Read More
Calls for wage increases-at the federal, state, and local levels-are based on the premise that increases in the minimum wage will probably improve the economic well-being of workers. One area of attention in the discussion is whether a minimum wage increase could actually impact many workers. Many skeptics have argued that only a very modest share of workers actually get the minimum wage, and furthermore, that many of these workers are not fighting adults, however, rather teenagers from wealthy......Read More
The MSC legislation, which has been in force since April 2007, was introduced in an effort to reduce the "unfair competitive advantage" compared to "compliant businesses and workers". MSC's and MSCP's are bound with the legislation, but in themselves are quite different (as you will see in the section labeled.etailed HMRC Definitions & conditions of the MSC legislation/MSC's and MSCP's'). Definition: Managed Service Companies (MSC). For the MSC legislation to use, the organization through which......Read More
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