.... Taking NICs out of the equation would give firms the financial room to raise wages, and enforcing minimum income standards would give them the incentive to pass the tax break back on to workers, rather than simply banking it offshore. If all our late capitalist system has to offer is a race to the bottom on wages and the privatisation of state services, isn’t it time to ask what the point of it is? Why are we cutting living standards to the bone and putting LGBT kids on the street to preserve a system that delivers payday loans instead of pay rises? If the wealthy want us to believe that their desired flexible market
economies deliver growth for all, they need to start delivering. ...
[Read full article on Guardian
Friday 17th of March 2017 08:59:05 AM