Friday, January 03, 2014

Richard Dunstan on the Fabian Society website

Rather unworldly article on zero hours contracts by Richard Dunstan on the Fabian Society website:  http://www.fabians.org.uk/zero-hours-contracts-a-symptom-not-the-disease/

It reminds me of that episode of Father Ted when confronted with a massive milk-float-conveyed time-bomb the best the Fathers can come up with is to say another mass.

Wishing and hoping is not going to fundamentally change the value the market places on the price of labour.

Nor will Owen Jones-style daydreams of the 1970s:  http://www.independent.co.uk/voices/comment/how-ed-miliband-can-harness-the-rights-tactics-to-bring-in-a-wave-of-leftwing-populism-in-2014-9032903.html

The only realistic way to quickly and permanently raise the value of labour is to reduce the supply.

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