BBCNEWS HARDtalk July 7, 2024
of too many central banks raising interest rates. we are not in a period where we can discount the fact that if you have growth way below profits and inflation, then you are, in fact, facing grim economic circumstances. and unless we share prosperity, workers are the victims. but aren't you trying to reinvent economics if you argue that workers pushing for massive pay rises right now is not going to be inflationary? all the evidence over many years suggests that once you get into that wage price spiral, it's very hard to get out of it. well, first of all, look at the wage claims. the...