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  Member 589 Level 64.55 Mar 2006 
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One has to remember that Austrian Economics essentially suggests removing all state interfereance from the economy and letting the free market run riot. The idea is that if people won't accept jobs for crap wages, they won't be able to afford to eat and therefore the overall population will decline, creating greater average wealth for those who survive.
I suppose if everyone joined the army and went to get blown up abroad that would expediate the process. It's an interesting, if slightly cynical theory though. Is there not an arguement to be made that increasing the minimum wage encourages the employment of illegal immigrant workers, not subject to minimum wage legislation though? Surely a republican government would not want to risk any policies that might encourage greater utilisation of illegal workers? Jam it back in, in the dark.  |
Fluffykitten McGrundlepuss