Emeritus Prof Christopher May on Nostr: Hmm... I;m not sure I'd say he's lucky.... but you are tight on the low hanging ...
Hmm... I;m not sure I'd say he's lucky.... but you are tight on the low hanging fruit.
As to the wage rise issue - given the less than robust link between wages & inflation (whatever the BoE says), a wage rise for lower paid workers would (in Keynsian terms) be good for the economy, as they will actually (immediately) spend it, thereby increasing 'effective demand' and helping revive the moribund economy.
As to the wage rise issue - given the less than robust link between wages & inflation (whatever the BoE says), a wage rise for lower paid workers would (in Keynsian terms) be good for the economy, as they will actually (immediately) spend it, thereby increasing 'effective demand' and helping revive the moribund economy.