Timely... Countries are scored down for having laws that require minimum wages, paid vacation, and overtime rates. They also get docked for requiring employers to pay severance packages to retrenched workers. According to Doing Business, all of this counts as red tape that needs to be abolished.... They dont just want lower minimum wages, they encourage countries with no minimum; they dont require more modest taxation, they press for zero taxation; they dont ask for more streamlined trade, they want to abolish customs; they dont demand fewer regulations on land, they want total freedom of purchase. Countries are rewarded for pushing to these extremes. There is no recognition that some regulations might actually be important to a fair society.
Posted on: Fri, 04 Apr 2014 15:04:48 +0000
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