Oxfam said that the wealth of the poorest 50% dropped by 41% between 2010 and 2015, despite an increase in the global population of 400m. In the same period, the wealth of the richest 62 people increased by $500bn (£350bn) to $1.76tn. Mark Goldring, the Oxfam GB chief executive, said: “It is simply unacceptable that […]
Minimum wage
Minimum wage – maximum tax
During my university education, we were taught that all what matters is shareholder value. The recent debate in the US about minimum wage is all about shareholder value. In human capital intensive industries (employing people is expensive and exhausting) shareholder value matters more than the people delivering the work being paid enough to live. Google […]