We'll all be earning stellar salaries as truck drivers and meat packers, so why would we need chip factories? (View Post)

The initial effect of higher wages is to increase costs. You then need to improve productivity just to stand still - it doesn't follow that such an increase will happen automatically. (View Post)

A shortfall of 12000 per week would correspond to a loss of about 17% in that case. (View Post)

A better target might have been to get on and build more wind turbines (and insulate more houses) when, less than a decade ago, people like Boris Johnson were claiming that they couldn't pull the ski… (View Post)

Yup. Philip must be running out of arguments if he's resorting to this kind of conflation. (View Post)