FMF NEWSLETTER 29 May 2019

29 May 2019
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FMF NEWSLETTER 29 May 2019   
 
ARTICLE of the week  

Minimum Wage: A crime against the poorMPIYAKHE DHLAMINI

The National Minimum Wage (NMW) is a crime against the poor of this country as it absolutely forbids them from accepting any compensation below the floor set by government. It is reasonable, therefore, to assume that some people who could be working are not employed because of the minimum wage.

That is one way to look at it. The other is that it artificially forces up the price of labour and thus reduces the demand for labour. This law of economics has nothing to do with power dynamics, gender discrimination, racism or concerns about equality. Those issues, as far as I can tell, exist in the minds of certain academics working for institutions such as Wits.

To read further, please click here.

AD HOC FMF articles  
Stop government from taking your property
Expropriation without compensation is anti-poor and anti-transformation
UPCOMING FMF SPECIAL event – LUMINARY AWARD PRESENTATION  

EVENT The prestigious 2019 LUMINARY AWARD PRESENTATION – DEMOCRATISING CAPITALISM Tuesday 11th June at 12.00
VENUE: 1 DISCOVERY PLACE, RIVONIA RD, SANDTON

SPECIAL GUEST SPEAKER: Bonang Mohale – CEO – Business Leadership South Africa

RSVP https://www.freemarketfoundation.com/View-Event?i=210

Seating is limited – RSVP as soon as possible to avoid disappointment.

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Luminary Award
Through the Luminary Award, Free Market Foundation (FMF) identifies unique individuals who inspire others. These individuals, whether local or international, are elected as FMF Luminaries to broadcast and memorialise their achievements.

Previous Luminary Award winners
Dr Yuri Maltsev
Reverend Dr Thabo C Makgoba
Dr Pauline Dixon
Dr Sam Motsuenyane
Advocate George Bizos
Dr Richard Maponya
Raymond Ackerman
Johan Norberg
Dr Reuel J Khoza

Snippets of the first nine award winners’ presentations can be viewed here
https://www.youtube.com/watch?v=dfJY9bDATPY

UPCOMING FMF event  

Wednesday, 29 May 2019 EVENING EVENT Let entrepreneurship reign – less government and more entrepreneurship Speaker: Sikonathi Mantshantsha (Deputy Editor Financial Mail and Writer at Business Day  ) – 17:45 for 19:00 @ FMF  RSVP https://www.freemarketfoundation.com/View-Event?i=209 

FMF events can be watched LIVE via the FMF’s Facebook page by clicking this link: https://www.facebook.com/FMFSA/

Once on the FMF Facebook page, please scroll down until you find the presentation live streaming. Please note: the video remains available on Facebook after the event (though you will need to scroll down further to find it). OR you can watch it on our YouTube channel – usually uploaded within a day or two: https://www.youtube.com/user/channelfmf 

Latest FREE MARKETEERS podcasts  

The inverted moral priorities
Minimum wage, new dawn, and youth obsessionism

WORTH reading  

Rent control did to Vietnam what US bombers couldn’t
The gold standard didn’t create the Great Depression, the Federal Reserve did
End school compulsory-attendance laws

FMF in the media  

Media Digest & Cuttings APRIL 2019 for all media coverage

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