PRESS RELEASE

FOR IMMEDIATE RELEASE
Price Controls

End Minimum Wage Madness

Libertarianz leader Richard McGrath today urged Prime Minister John Key to abolish all minimum wage laws and allow prices to fall as they should during a period of economic recovery.

"Forcing employers to raise wages regardless of employee productivity is a recipe for staff layoffs and a disincentive to job creation," said Dr McGrath. "If raising wages by decree is such a good idea, why isn't $25 an hour better than $15 an hour? Why shouldn't we all get $100 an hour?"

"The National Party's values include limited government, individual freedom and competitive enterprise," he added. "Abolishing minimum wage laws is entirely consistent with these core values. The Libertarianz Party ask John Key to be true to his values and repeal the destructive, repressive minimum wage laws that threaten to prolong the economic recession."

ENDS

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