The classic question in economics is: If capitalists pay their workers too little, who is going to buy the capitalists’ products. Here is the answer. The same workers, who have to borrow from the banks, giving the financial sectors a slice of the business too.
British accounting regulators are scared of cracking down on laundering, writes Prem Sikka. Read here
Bill Mitchell: US labour market recovery leaves considerable slack and rising long-term unemployment
The US labour market is still 6,76 thousand jobs short from where it was at the end of February 2020, which helps to explain why there are no fundamental wage pressures emerging. Read here
There is no shortage of housing in Britain. There is however speculation, which is driving prices up, resulting in empty housing. Read here