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Then what matters is the ratio of payroll to living wage, right?

We have met the enemy, and he is us — Pogo
by Migeru (migeru at eurotrib dot com) on Fri Nov 23rd, 2007 at 06:39:46 AM EST
[ Parent ]
I think the useful measures from a democratic point of view are:

  1. Median disposable income, and standard deviation
  2. Median free time per week and annual holiday allowances
  3. A much more vague notion of work fulfillment.

If you can create jobs which offer all three, unemployment becomes very unattractive and will inevitably shrink.

From the plutocratic point of view the useful measures are:

  1. Financial productivity and 'added value'
  2. Time in work (on the assumption that more work means more value created - which is a silly assumption, but a popular one)

Those two views don't see compatible, and I don't see how they can meet in the middle without a lot of pushing and shouting.

The irony is that disposable income and leisure time are two of the biggest drivers of individual spending, and an economy which is strong in both has a good chance of being strong in more traditional ways.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Fri Nov 23rd, 2007 at 08:21:53 AM EST
[ Parent ]

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