Here is an excellent video which will explain the danger of price control. Full of charts and graphs to illustrate the point.
It also shows how the minimum wage doesn't affect the jobs of university students, or brighter kids from secondary schools, but removes job prospects by the less able in society.
One interesting observation is, the "Rich get richer and the poor get poorer" is a bit of a fallacy.
Yes, the rich are getting richer, but the poor also seem to be getting richer. But I am not sure if the rich are very happy with this phenomenon.
Anyway, the video:
You may link to my blog but if you want to copy my article to your own blog, please give the following credit: From "Ampers' Rants" at www.ampers.me.uk. Thank you.
I have been over zealous with political comment lately so have now accepted the offer to assemble and write for two blogs on the WatchingUK website. The "Good News" blog is for items where we have benefited from the Brexit referendum vote and the "Bad News" blog is where others have tried to damage our chances of leaving the EU.
If you like what you see, why not subscribe to the blog? You can follow Ampers' Rants by adding your email address in the box below (left) Notifications are also shown in my Twitter account: AmpersUK.