« Tax incidence: left responses | Main | Adam Smith on immigration »

May 15, 2013


TrackBack URL for this entry:

Listed below are links to weblogs that reference Trends in exploitation:


Feed You can follow this conversation by subscribing to the comment feed for this post.

Ralph Musgrave

Here is another conclusion. As Chris rightly says, productivity has fallen since 2007. Yet pay increases have been running at about 2%pa since then. In other words about 2% of the 2%+ inflation we currently experience is down to a determination by employees (poorly and well paid) to get their 2% annual pay increase despite their producing less, rather than more.

But that 2%+ inflation stops government boosting demand and cutting unemployment. So who is to blame for unemployment? It’s everyone who demands a 2% or more pay increase despite their failing to produce more.


Can you say that China plays a big role on this?!

The comments to this entry are closed.

Why S&M?

Blog powered by Typepad