And the reason pay can increase without productivity gains: Baumol's cost disease (or the Baumol effect) is the rise of salaries in jobs that have experienced no or low increase of labor product… (View Post)

Its amazing that this concern about pay and productivity only arises when it comes to low paid workers. Perhaps you'd like to explain to Leicester's footballers that they should reduce thei… (View Post)

Well we might have to do without the hand carwash industry. Hopefully someone might invent a machine that washes cars thereby boosting productivity and ending exploitation in the sector. On your wide… (View Post)

In which case working class pay rises are needed. Keir Starmer opposes those. (View Post)

Its expected that the likes of Mogg are out of touch. When Labour leaders are then that's a new factor - there's a clue in the name Labour. (View Post)