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oneoflokis
Richard J Murphy
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Comments by "oneoflokis" (@oneoflokis) on "The IMF is worried about a low growth future when that’s exactly what we need" video.
You can have high growth and low wages in an economy, such as the US: which means that there are inflated share prices, but the wealth doesn't get shared around, so what's the point? 😏
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💯
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@Killergoat69 Well: Barbara Ehrenreich was certainly saying so, in her books in the 2000s, about the US service economy. It has a very low minimum wage, which doesn't appear to have regular increases, like ours does in the UK. Plus the service economy is VERY resistant to unions and to wage rises... #FightForFifteen
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Not a problem in most European countries... Or Japan. Or China, any more.
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@jamesgtmoore No: but then most people don't want a hectare of land... Too much lawn mowing, for a start! 😏
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But it is working...
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@foxmoongaze How so? 1) It's made lots of money for people 2) It's a usable currency!
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