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On Minimum Wage and home care: since the services sector is making net profits of 18.9%, according to the ONS, and this is the highest figure ever, my guess is that it can afford to shift some profits from shareholders to employees' wages.
Commented Jul 31, 2015 on On centrist utopianism at Stumbling and Mumbling
On centrist utopianism
Here are some things we've seen recently: - Andy Haldane says shareholder capitalism is too short-termist, without asking whether it is possible to change this, or whether short-termism might in fact be a rational response to massive uncertainty about technical change and creative destruction. ...
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