....Strengthening the welfare state and government acting as what economists call an “employer of last resort” would reinstate the safety net, the wall around the cliff edge that acts as a lower bound on income. The truth is that vested interest
s don’t want this because the more precarious their workforce, the greater the amount of risk they can pass on to their employees, the less they can pay and the less they have to innovate. ...
[Read full article on Guardian
Friday 17th of March 2017 08:59:05 AM