{"id":7055,"date":"2010-10-19T21:55:42","date_gmt":"2010-10-19T11:55:42","guid":{"rendered":"http:\/\/maddruid.com\/?p=7055"},"modified":"2012-03-05T15:41:49","modified_gmt":"2012-03-05T07:41:49","slug":"2265-of-minimum-wages-discriminate-poor-entrepreneurs","status":"publish","type":"post","link":"https:\/\/maddruid.com\/?p=7055","title":{"rendered":"[2265] Of does minimum wage discriminate poor entrepreneurs?"},"content":{"rendered":"<p>I am unsure how seriously I should entertain the current thought I am harboring.\u00a0I am thinking of something that is absurd at the first pass but on second thought, it is not so. I meant to write this as a satire for <em>The Malaysian Insider<\/em> <a href=\"https:\/\/maddruid.com\/?p=6756\" target=\"_self\">in a fashion that I have done earlier<\/a> but given my tight schedule, I have refrained from doing so.<\/p>\n<p>I fear I might forget this line of reasoning if I do not record it down anytime soon.\u00a0And so, here it is.<\/p>\n<p>Minimum wage can be redefined as a guarantee of certain level of wages to those who are employed at the minimum wage level\u00a0at a firm covered by the minimum wage law. Consider an economy-wide minimum wage law that typically covers low-skilled employees.<\/p>\n<p>In that case, the law discriminates between those who work as employees and those who work by themselves. This statement can be stated\u00a0more convincingly as a comparison between, for example, a security guard (essentially a low-skilled employee) and a\u00a0<em>pisang goreng<\/em> (Malaysian-style banana fritters) seller. Let these two individuals have the same expected income from their economic activity sans minimum wage for the employee.<\/p>\n<p>Is there a reason why the security guard deserves minimum wage, but not the <em>pisang goreng<\/em> entrepreneur?<\/p>\n<p>The discrimination is unfair and unjust.<\/p>\n<p>This of course is not a call for minimum wage for\u00a0entrepreneurs. That would be ridiculous. This is just to highlight some of the moral deprivations of the policy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I am unsure how seriously I should entertain the current thought I am harboring.\u00a0I am thinking of something that is absurd at the first pass but on second thought, it is not so. I meant to write this as a satire for The Malaysian Insider in a fashion that I have done earlier but given [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[1203,1284],"class_list":["post-7055","post","type-post","status-publish","format-standard","hentry","category-economics","tag-entrepreneurship","tag-minimum-wage"],"_links":{"self":[{"href":"https:\/\/maddruid.com\/index.php?rest_route=\/wp\/v2\/posts\/7055","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/maddruid.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/maddruid.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/maddruid.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/maddruid.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7055"}],"version-history":[{"count":13,"href":"https:\/\/maddruid.com\/index.php?rest_route=\/wp\/v2\/posts\/7055\/revisions"}],"predecessor-version":[{"id":7064,"href":"https:\/\/maddruid.com\/index.php?rest_route=\/wp\/v2\/posts\/7055\/revisions\/7064"}],"wp:attachment":[{"href":"https:\/\/maddruid.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7055"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/maddruid.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7055"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/maddruid.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7055"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}