The other day at a Starbucks in a motorway services I was served by a young man who was, frankly, a bit useless. He couldn’t do anything without help from another member of staff who looked somewhat exasperated. I found myself speculating about whether he was worth £5 an hour.
Tim Worstall has for a long time been writing about the connection between the minimum wage and youth unemployment.
The British government obviously understands it, but won’t get rid of the minimum wage. Instead, starting today, if you employ fewer than 50 people you can apply for a £2,275 wage incentive in return for employing a young person.
In an amusing side-note, the Department for Work and Pensions, whose idea this is, seems slightly worried about age discrimination legislation. The big game of Nomic is getting increasingly self-contradictory.