Posted on December 12, 2014
Sometime in the not too distant future an Irish government could move to increase the minimum wage or introduce a living wage (http://www.livingwage.ie/), in order to boost growth and living standards.
Nothing very extraordinary in that, except perhaps that it runs counter to current orthodoxy which claims that driving down wages is the only way to secure recovery.
But after six years of this self-defeating nonsense, we are left with embedded depression and over 26 million people out of work across the Eurozone.
In such circumstances, it is entirely rational for electorates and governments to think anew about policies and politics that might actually work.
That would be the norm in any modern, democratic society.
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