Season 1 · Episode 118
The inefficiency of inequality
Debunking Economics - the podcast · Steve Keen & Phil Dobbie
October 5, 201833m 35s
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Show Notes
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.
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