Tuesday, July 17

How to increase wages?

Restrict supply.

What do you think will happen if the supply is restricted while demand for services will grow? Prices will go up.

Mario Monti is trying to liberalise professions in Italy and is facing fierce resistance.

Keep an eye out on the professional guilds and groups, one of the reasons why your medical costs, your legal costs, your transportation costs, your healthcare costs, your house costs, etc. etc. are going up is because the professional bodies restrict entry into their professions…

Let my people go!

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