On 17 Oct 2004 at 21:29, Tim Cummings wrote:

> It is like the overtime law recently enacted.  If overtime can be
> curtailed it will cause companies to hire more workers and give someone
> a job who doesn't currently have one.  How can you argue with that?

Because its anticipated effect is not to curtail overtime work, but
to curtail the premium wages paid for such overtime and to make
refusal of overtime a cause for dismissal. This actually increases
employer incentive for overtime labour regardless of the wishes of
the employed.  Thus it acts to increase the number of un- and under-
employed because more labour is provided by fewer people at lower
cost.

Read up on the Iron Law of Wages and consider if this sort of social
policy can create a world in which you wish to raise your children.

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