tag:blogger.com,1999:blog-4738024787043971090.post7272797440532641077..comments2023-10-23T21:15:02.281+01:00Comments on The Age of Stupidity: Ed Milliband asks for a 'Living Wage'Phill Tomlinsonhttp://www.blogger.com/profile/16427896363273348083noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-4738024787043971090.post-18740739084686567542010-05-31T01:40:50.855+01:002010-05-31T01:40:50.855+01:00If we raised peoples wages, wouldn't prices ju...<i>If we raised peoples wages, wouldn't prices just rise, justifying yet further increases to offset these rises? If its that easy to make people more prosperous why don't we just keep pushing this price ever higher.</i><br /><br />...<br /><br /><i>Same in manufacturing, if the productivity of the worker is lower than the cost, the work goes over to China.</i><br /><br />Well, we Stagflationary Markhttps://www.blogger.com/profile/04568993350246477976noreply@blogger.comtag:blogger.com,1999:blog-4738024787043971090.post-83575424528555773292010-05-30T23:11:45.210+01:002010-05-30T23:11:45.210+01:00Ed can sell his minimum wage to the masses but not...Ed can sell his minimum wage to the masses but not recommend reductions for public sector workers who have no capital or risk tied up in their positionAnonymousnoreply@blogger.com