What’s the right wage?
Debunking Economics - the podcast
00:00
Is There a Monopsy?
In many ways, this ideology is wrecking society from the government down. We have had cycles in capitalism before where we end up in a crisis and then go through a bit of a shock. The rise of Hitler was due to a Great Depression caused by austerity. It came out of austerity and a response to austerity leading to the Second World War. And now we think, oh, who cares that the people down the bottom don't get a decent salary? Ultimately, you will care.
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