# of Words: 999
The UK has the lowest-ever unemployment and the highest-ever minimum wage. Data monitoring back to 2000 show no link between the wage level and unemployment. The minimum wage has risen faster than inflation during that time period. The statistics indicate that the traditional economic idea that rising wage costs reduce the number of accessible jobs might not be accurate. LONDON - It's one of the oldest and debates in economics: Does increasing the minimum wage increase unemployment, by making it......Read More
As free-market economists I'm not much into minimum wage legislation, in fact I'm rather against them. However as I watch what's going on in China right now, with the protests and strikes from the labor at the overseas production firms which are in their own country, I see that something has to be done. In China you are not permitted to go on strike at a Chinese company, and even though there are problems, they are not publicized because the Chinese government doesn't want that in their......Read More
Many feel they have "sufficient" insurance. Often sited is company provided insurance that provides coverage of up to 2-3 times your salary. Lots of men and women are shorted sited in this regard, not taking into account the requirement to maintain the lifestyle of household member once you are gone. The real benefit and purpose of life insurance would be as a commission replacement. In other words to replace the reduction of your wages or fiscal household contribution until children reach the......Read More
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