So the minimum wage is to increase by about $1 an hour each year to 2021. That’s approximately $2080 a year for a full time worker. Not exactly winning Lotto. It’s hard to see how anyone could object to that. Yet already there are claims that it will lead to job losses and worse. Continue reading
Inequality: we know it’s bad for everyone. We know we need to reduce it. We want to reduce it – sort of.
The worship of wealth goes deep. The exorbitantly expensive cars, private jets, yachts, mansions, luxurious holiday homes, clothes, the glamorous lifestyles enjoyed by the very wealthy are beguiling. The prestige, the power, the ability to get anything you want whenever you want it. These are things that most people, if they were brutally honest, would find it very hard to say ‘no’ to. Are we ready to give up the dream that one day, with a bit of luck, our horse will come in and we could find ourselves a multimillionaire? Continue reading
A maximum wage – Franklin D Roosevelt first called for it, Bernie Sanders called for it, and now 75 years after Roosevelt, Jeremy Corbyn, leader of the UK Labour Party, has called for it. It’s long overdue.
Corbyn says, “What we cannot accept is a society in which a few earn in two and a bit days what a nurse, a shop worker, a teacher do in a year. That cannot be right.” Continue reading