All the failures, The Soviet Union, Poland, East Germany, Romania, Bulgaria, Albania, Greece, North Korea, and a latest socialist state to hit the wall, Venezuela, currently said to be in possession of untold wealth in oil reserves, tried to use state dictate to make it work.
It matters so little to be measurable as to beneficial outcomes sought, yet socialists think it is a game changer.
An arbitrary hourly rate in excess of twenty dollars an hour is being promoted under Alice In Wonderland idiotic freekinomics, from Charlie Waldegrave, yet the cost in money, jobs, and social degradation has rarely been addressed in any analysis.
The exception that could have proved the truth came when Wellington City Council moved to embrace the crass stupidity with an old labour tusker voting for it while admitting he could not pay those same wage levels in his food outlet as it would destroy the viability of his business. Nobody noticed it seems.
Of course such negativity did not transfer to his support for the WCC with its fallback to ratepayer funding deficits, for councilors who were never going to have to confront such inconvenient economic reality, spending other peoples money.
So far I am unaware of any real functioning business that have embraced the lunacy totally unrelated to skills and abilities, and that is no surprise. However the increasing acts of economic sabotage are increasing in numbers where those seeking to impress can pay for it with OPMs
Of course it is no secret that McDonald's fast food chain is looking to eliminate its lower paid staff with increasing use of robots. Some jobs are and never will be economically viable at an artificial rate of remuneration, it is not rocket science.
If such arbitrary setting of pay rates was such a great Idea why stop at $20.20, lets shoot for $50, after all if a Padre from The Hutt Valley is not to be challenged for his freekeconomics he must have it right, right, well maybe not.
Even at the minimum wage recently raised to nearly $16 not acknowledged as destroying the market that provides entry level jobs for those desiring to get work and prove employability, is apparently not an issue when the centrist government is only looking at re-election, as were the various councillors hellbent on a spiral to economic oblivion when electoral success is the only driver.
It will all work out, eh Mr McCawber.
Doesn't anybody in a position of economic responsibility not remember how Muldoon brought this well endowed country to the brink of insolvency with "wage price freezes'. Economoc lunacy that was only averted when the voters, with a spoiling run by Sir Robert Jones, handed the checkbook to Sir Roger Douglas, one of the more deserving of a knighthood, who averted disaster with fulsome support from many who later lost their bottle. Including the latest Economic Disaster who voters inexplicably handed the Greater Auckland Credit Cards to, who is now threatening his sheeple with a 16% rates increase.
The Jobs that become uneconomic will just disappear, Ratepayers dont matter, what is needed to make living affordable in Auckland has very little connection to what is needed in say depressed rural areas as payment for work, the only result will be growth in job seeker beneficiary numbers with an accompanying decline in the social advantages that accompany 'going to work'.
Of course such destructive lunacy that might have appeal to the ignorant, must gain traction in the publicity surrounding deserved rewards coming to a state servant who has managed a super fund to very satisfactory performance levels and being paid remuneration including bonuses that are so widely described as unacceptable, even by another highly paid public servant, current occupant of the 9th floor office in the Beehive.