Chris Dillow — On Wage-Led Growth

Interesting argument implying a need for either a job guarantee or basic income guarantee owing to the chronic inability of modern capitalism to provide full employment.

Perhaps the ability of capitalism to provide full employment requires freakish historical circumstances of a sort we saw only in the 50s and 60s. And perhaps it is only wishful thinking by both rightists and social democrats that stops them seeing this.

Stumbling and Mumbling
On Wage-Led Growth
Chris Dillow | Investors Chronicle (UK)