Kristian Niemietz writes for CapX
A report last week by the High Pay Centre
calling for the introduction of a national maximum wage received favourable media coverage, and as is often the case with ‘crude anti-liberal, anti-capitalist policies’
, writes the IEA’s Head of Political Economy, Dr Kristian Niemietz.
But what would be the impact of such as policy? Kristian argues that it is ‘very unlikely’
that such a measure would have the desired effect and that ‘you cannot help low earners with knee-jerk eat-the-rich policies.’
Read the full article here