unemployment effect

People who are harmed by an increase in the minimum wage are low skilled workers. Try this question to economists who argue against the unemployment effect of raising the minimum wage: Is it likely that an employer would find it in his interests to pay a worker $15 an hour when that worker has skills that enable him to produce only $5 worth of value an hour to the employer output? Unlike my fellow economists who might argue to the contrary, I would say that most employers would view hiring such a worker as a losing economic proposition, but they might hire him at $5 an hour. Thus, one effect of the minimum wage law is that of discrimination against the employment of low skilled workers..

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Rig productivity in major tight oil plays have increased by over 7 per cent in the past six months, Canada’s operators are making similar gains.OPEC’s issue and other actors who are relying on OPEC for reprieve is that the cartel is not following the correct script for ending a price war. Contrived “supply management” is not effective against a challenger that is bulldozing into the market with relentless innovation.The appropriate defense against cheap jerseys an innovative competitor is to innovate even faster.In fighting a price war, closing a valve is not high up on the scale of innovation.Tooling up to use the latest sub surface processes and applying digital technologies is the future of low cost oil extraction. And Canada are doing.

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