Dear friend of the FMF
In this week’s feature article, Eustace Davie describes how the National Minimum Wage (NMW) will cause low-income workers to lose jobs and raise the barrier to entry into the labour market even higher for the 9.48 million people who are already unemployed. The author describes how Hong Kong, now the most economically free territory in the world, solved a much worse unemployment problem than SA now has, by adopting high growth economic policies, including non-intervention in the labour market. These policies changed Hong Kong in less than 20 years from having a huge labour surplus to suffering labour shortages.
Politicians approve economically disastrous and unconstitutional NMW – EUSTACE DAVIE
The politicians who approved the National Minimum Wage (NMW) Bill appear to believe that they live in an Alice in Wonderland world in which they have been issued with “magic wands” that enable them to adopt legislation and regulations that do good without doing harm. In the real world of economic consequences, the NMW is set to harm a great many unfortunates who currently earn incomes that are well below the NMW. The NMW will cause many to lose their jobs and make it even more difficult for the 9.48 million unemployed to access jobs.
Cecelia Kok – Are you free to be you? A talk on individual freedom and identity politics
Wednesday, 13 June 2018 MEDIA BRIEFING – Rex van Schalkwyk – Chairman of the FMF Rule of Law Board of Advisors and former judge of the Supreme Court of South Africa – @ FMF – RSVP http://www.freemarketfoundation.com/View-Event?i=182
Wednesday, 20 June 2018 EVENING EVENT – Wayne Duvenage – Chief Executive Officer, OUTA – OUTA From toll boycott to anti-tax abuse organisation – @ FMF – RSVP http://www.freemarketfoundation.com/View-Event?i=180
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Red tape is what keeps housing unaffordable Goods can never be distributed “equally” – especially not in a socialist regime EWC: A threat to us all
Media release SAA hiding behind “commercially sensitive information” – hearings must not evade public’s right to know Media release FMF’s executive director Leon Louw issues wager to SAA CEO Vuyani Jarana – R100K to charity if SAA profitable by 2021 Media release From nanny state to the nation’s baby sitter
Media digest MAY 2018 for all media coverage
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Publish date: 06 June 2018 Views: 860
The views expressed in the article are the author’s and are not necessarily shared by the members of the Foundation. This article may be republished without prior consent but with acknowledgement to the author.