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 Thank you.

Fill in a one question questionnaire - it only asks how you arrived at my blog. Thank you. Just click on this link.

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 (right) Notifications are also shown in my Twitter account: @AmpersUK.

Friday, 3 June 2011

Do politicians really understand about price control? I don't think so!

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:

No comments: