Wednesday 26 October 2011

National Minimum Wage Act 1998

The NMWA states:

Entitlement to national minimum wage
1. Workers to be paid at least the national minimum wage

(1): A person who qualifies for the national minimum wage shall be remunerated by his employer in respect of his work in any pay reference period at a rate which is not less than the national minimum wage.
...
(3)The national minimum wage shall be such single hourly rate as the Secretary of State may from time to time prescribe.

(4)For the purposes of this Act a “pay reference period” is such period as the Secretary of State may prescribe for the purpose.

I propose for the full repeal of this Act and any relevant EU primary or secondary legislation including the European Social Chapter (1961 and 1996) which will if neccesary be slated for repeal later on this blog. the NMWA as other minimum wage laws are a straightforward violation of an individual's (or group's) property rights which as stated in the introduction is entitled to the same protection as all other human rights. It is my commitment to property rights which in my view are indeed the "guardian of all other rights" that lead to my support for the repeal of all controls on wages amongst other controls.

Opposition to minimum wage law has been based on the grounds of utility in that has the increased unemployment in that impededs the ability of people to find employment. This argument has been more prominent as increasing and immovable unemployment has been an intractable problem in recent times. Worthwhile an argument though that is it shouldn't deflect from what should be the central focus and critique of minimum wage laws which is it's serious violation of liberty.

 

No comments:

Post a Comment