It is not the state's right to tell people what to wear. The state may argue, in the case of full face coverings etc, that it makes the job of surveillance, public safety etc harder but, if that is t… (View Post)

Replying to @gealbhan If firms think the cost of labour is too high, they can automate. They didn’t though previously because labour was so cheap. Many will choose - and I use the word choose - becau… (View Post)

With regards to the argument, higher wages automatically means higher prices, that is not necessarily true. Companies can also choose to absorb them and see a reduction in margins. Company operating … (View Post)

CEOs are panicking because they are having to pay higher wages to attract staff which then threatens the margin targets they have promised investors and which, in many cases, are used to determine th… (View Post)

Yes, the 2011 analogy is a good one and probably why Banks don't want to jack up the rates now. The elephant in the room, and why the BoE and the Fed, didn't put up interest rates in 2015 is that man… (View Post)