The John Hyde Archives

Historic archive of articles and newspaper columns written by former Australian politician John Hyde OAM.

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Wage-fixing priesthood keeps its god alive

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Industrial Relations  Economics 

17/06/83 • The Australian Financial Review

  • Centralised wage-fixing is the creation of jobs for some who would otherwise be unemployed.
  • A minimum wage is often set so high that it comes the permanent wage of those in the group with employers unwilling to offer more to capable individuals.
  • Marginal employees such as the young, old, and unskilled are permanently shut out.
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About

John Hyde OAM is a former Australian politician. He was elected as the member for the Division of Moore in Western Australia for the Liberal Party.

John Hyde OAM is the author of Dry: In Defence of Economic Freedom.

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