It’s often argued, by politicians and business owners, that higher wages cut into company profits, which is bad for the economy. Yet, lower wages cuts spending, and that’s worse for the economy. In this podcast Phil Dobbie asks how much more productive the economy would be if we saw a smaller difference between low wage earners and the filthy rich.
To hear the full version subscribe by picking a plan in the right column of the Debunking Economics website (not the mobile app). Or become a patron at https://www.patreon.com/ProfSteveKeen
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Negotiations: All Skill, No Ego
Are you a good negotiator? Often the worst negotiators are the people who believe they’re good at it.
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Turning away from tech as yields push higher
Bond yields continue to rise. NAB’s Rodrigo Catril says the speed of the increase has taken markets by surprise and a period of consolidation is possible. Meanwhile, the BoE’s Andrew Bailey has recognised rising inflation could be a risk.
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The rout resumes on fears of the unknown
Huge volatility in the markets again. NAB’s David de Garis talks about how traders are struggling with the unknown.
