Posts Tagged ‘economics 101’

Polity: Minimum wage rises do not cause unemployment

Written By: - Date published: 10:00 am, July 16th, 2014 - 48 comments

In the cartoon world of Economics 101, there is perfect supply, perfect competition, perfect demand, perfect information and prices for labour (and everything else) are set at their true market values. The real world is somewhat different.

Why the Right wants to deny that unions increase wages

Written By: - Date published: 7:17 am, February 29th, 2012 - 98 comments

Union wage rises beat non-union every time. It’s basic market theory. If workers bargain individually they are in perfect competition with each other and become price takers. Together they have market power. Hence: “united we bargain, divided we beg”. But the Right doesn’t want you to know that. They want to break the unions to strangle wage rises.

Padding pockets, not houses

Written By: - Date published: 12:45 pm, August 11th, 2009 - 45 comments

Just a month into the Government’s housing insulation programme and John Key has had to launch an inquiry into rorting by contractors who are taking the subsidy but also increasing their prices, and so pocketing a good part of the subsidy themselves rather than passing it on to the consumer as intended. That’s a bad […]

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