Roughly 7.8 million jobs were low-wage jobs earning less than a gross 12.27 euros per hour.
Read here
Economics
Bill Mitchell: Neoliberalism is likely to survive yet another crisis
The beginning of the blog concerns Australia, but quickly goes over to the EU. Read here
EU politics
Bill Mitchell: British legislation must be able to override EU law – that is what independence means
Let us be honest, the EU perpetually breaks rules, laws, and treaties. Bill Mitchell lists many of these. Read here
Austerity
Bill Mitchell: Japan national accounts – sales tax rise, growth collapses – as night follows day
Please also see Michael Roberts – Japan: Abenomics revisited Read here Tokyo, Japan. Photo by Francisco Diez. CC BY 2.0 via Wikimedia Commons.
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