• The supply-and-demand model of labour markets is fundamentally broken, and that's why you're not getting a pay rise any time soon

    8 monthes ago - By Chron

    Dan Chung and Mal Langsdon / Reuters
    We have full employment in the US and UK but extremely low wage growth.
    The "gig economy" is structured to keep wage levels down even when there are shortages of workers.
    Underemployment - part-time work - has replaced the role that mass unemployment used to play in the US and the UK.
    Work now creates inequality, and workers know that they cannot get ahead merely by working.
    That has political consequences: It makes the minimum wage level one of the most important political issues.
    Troy Taylor, the CEO of the Coca-Cola franchise for Florida, was asked...
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